🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
BTC may experience significant fluctuations. The BTC chip concentration indicator shows that there might be a big market movement soon. What is chip concentration? It means that the buy-in prices of many BTC are concentrated around the current price, making market sentiment easy to ignite, which could trigger a big pump or big dump. Historical data indicates that when chip concentration exceeds 13%, it often signals a major fluctuation. The last time the chip concentration was high, it surged by 42% in February 2024 and fell by 15% in February 2025. Currently, it has reached around 12%, nearing the sensitive area.
Additionally, the BTC chip distribution shows that there seems to be no fluctuation at the moment, but in reality, a large amount of chips is highly concentrated between 【93200-97500】. Whether it's for profit-taking below or selling off above, a significant amount of turnover is occurring in this area right now. And when someone sells, it means that someone is buying in large quantities. For example, MicroStrategy bought another 1.42 billion USD worth of BTC last week, with an average purchase price of 92737 USD.
In short, it’s coming soon, either a big pump or a big dump. Personally, I believe after the big pump there will be a correction followed by another big pump, resulting in a reversal. Alternatively, after a big dump and a round of cleansing, there will be a continuation of the big pump, leading to a reversal. Regardless of which, the reversal window will definitely be accompanied by news of interest rate cuts.
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