To assess market risk by analyzing Bitcoin holding address concentration, focus on the distribution of BTC across wallets. High concentration—where a few addresses (e.g., whales or institutions) hold a large share—signals potential volatility, as their coordinated moves could trigger sharp price swings. Data from blockchain explorers like Glassnode or BitInfoCharts can reveal the top 100 addresses’ share, often 15-20% of total supply. If this rises, it suggests accumulation, possibly foreshadowing a dump or pump. Conversely, broader distribution among smaller holders indicates stability but may reflect weaker buying power. Cross-reference with X posts and web sentiment for context—e.g., whale activity rumors. This method highlights liquidity risks and market manipulation potential, offering a quantifiable lens on Bitcoin’s vulnerability to sudden shifts.