Whales Power Bitcoin Cash ($BCH) to 8-Month High as Golden Cross Signals Breakout

Whales Power Bitcoin Cash ($BCH) to 8-Month High as Golden Cross Signals Breakout

BCH sees heightened whale activity and rising open interest as traders weigh speculation against weak on-chain usage and recent suspicious transactions.

Whales Power Bitcoin Cash ($BCH) To 8-Month High As Golden Cross Signals Breakout - Data Intelligence

Bitcoin Cash traded at $482.54 on July 5, down 0.23% over the past 24 hours, following a broader retreat from its recent multi-month high, according to CoinDesk Research’s technical analysis model. As for the broader crypto sector as gauged by the CoinDesk20 Index On July 1, BCH reached $526.5 — its highest price in eight months — as market enthusiasm, whale accumulation, and speculative inflows helped propel the token more than 75% higher over …

Bitcoin Cash Pulls Back After 8-Month High, Whale Activity Signals Continued Interest

Bitcoin Cash (BCH) is trading at $482.54, down 0.23% in the past 24 hours, following a retreat from its eight-month peak of $526.5 on July 1. The recent surgefueled by whale accumulation, speculative inflows, and a broader altcoin rotationpushed BCH over 75% higher in just three months. Despite bullish technical signals, including a golden cross in late June, on-chain activity tells a more cautious story. Daily active BCH addresses have dropped …