Bitcoin Cash plunges 12.55% amid heavy selling by whales and rising trading volume

Bitcoin Cash (BCH) fell sharply by 12.55% to $363.75, becoming one of the biggest daily losers in the crypto market. The drop was accompanied by a 92% surge in trading volume to $435 million, indicating active selling pressure. Major BCH holders, including the top 100 addresses, reduced their holdings by nearly 62%, signaling waning confidence among large investors. The price broke below the key $380 support level, raising the risk of a further 15% decline toward $305 unless BCH can reclaim and hold above $380. However, weak momentum suggests the downtrend may not yet be fully confirmed, leaving the next move dependent on whale activity and buyer support near $305.