What is high-level turnover?

A one-sentence understanding:
It occurs when the price has already risen to a relatively high level, and trading volume suddenly expands, with chips beginning to change hands rapidly.
Breaking it down, "high-level turnover" =
High price zone + high trading volume/high turnover rate + rapid transfer of chips
First, let's talk about the essence of turnover rate:
It represents the proportion of trading volume relative to circulating chips within a certain period.
The higher the turnover, the faster the chips are changing hands, and the more intense the market competition.
High-level turnover usually has several typical features:
• The price is already at a stage high
• Trading volume has significantly increased
• Turnover rate rises rapidly, for example >10%, or remains high for several consecutive days
• The bullish and bearish opinions begin to intensify
Why is it important?
Because this is often not just ordinary volume increase, but a question of "who is handing chips to whom."
Common situations are:
The main force may, taking advantage of the popularity and chasing momentum at high levels, distribute shares through wash trades, volume expansion, etc.,
gradually transferring chips at low levels to new entering funds.
Therefore, behind high-level turnover, the most important thing to focus on is not the "large volume" itself,
but:
✅ Whether the price can continue to rise after volume expands
✅ Whether it is a strong turnover or volume expansion with stagnant prices
✅ Whether the chips are concentrated or dispersed
Do you generally see high-level turnover as a risk signal or a prelude to a breakout?