Bitcoin Cash (BCH) fell about 10% in the past day, driven by large whale orders dominating both spot and perpetual futures markets. Analysis shows whales opened mostly short positions in the futures market, increasing selling pressure, while spot market activity indicated heavy buying and asset accumulation. The negative funding rate in futures and significant outflows from exchanges suggest bearish sentiment in futures but long-term holding in spot. Price direction will depend on spot traders' future actions, with liquidation clusters near $208 potentially influencing volatility.
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
Zcash (ZEC) dropped more than 10% to below $1,100 following hotter-than-expected US inflation data that sparked a broad crypto market selloff. The altcoin's market cap fell from over $20 billion to $18.5 billion, though it remains the 10th-largest di...
