The market's low volatility and high concentration may indicate a change in the market

According to ChainCatcher, on-chain data analyst Murphy pointed out that the market is in a period of low volatility and high concentration. The 7-day change rate of STH-RP (actual price of short-term holders) is only 0.69%, indicating that short-term investor participation enthusiasm has dropped to freezing point. This is similar to the sideways of February and May 2025 and may indicate a market change soon.