Bitcoin Cash price drops 7.4% to $264 amid broad crypto market sell-off and $1B+ liquidations

Bitcoin Cash (BCH) price fell 7.4% to around $264, hitting its lowest level since late September, amid a broad crypto market sell-off driven by US tech stock declines and over $1 billion in forced liquidations of leveraged positions. BCH is now just above its 100-day moving average at $261, with key support levels at $261 and $253. The market downturn follows US midterm election results raising expectations of stricter crypto regulations and institutional investor caution after a Binance hack. Investors should monitor liquidation risks, holding periods for tax purposes in Germany, and consider secure custody options. The upcoming US jobs report and tech stock performance will likely influence BCH's near-term price direction.

Bitcoin Cash is down 7.27% on Pluang, trading at Rp4.844.647 as of Nov 06, 2026 16:22 WIB. This decline aligns with a 9% sell order activity on the platform, while typical hold time for BCH investors is 69 days.