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Bitcoin Cash jumps 18% but risks pullback amid weak spot demand and high leverage.

Technical Signals
23 Aug 2026
AMBCrypto
View Source
Neutral
Bitcoin Cash jumps 18% but risks pullback amid weak spot demand and high leverage.

Bitcoin Cash (BCH) surged 18% in the past day but remains down over 52% in the last 90 days. The rally is largely driven by increased leverage in the perpetual market, where long positions dominate and funding rates have spiked, signaling potential overheating. Meanwhile, the spot market shows weak demand with more selling than buying for 10 consecutive days, raising concerns about the sustainability of the price rise. BCH could still move higher toward $315 due to liquidity clusters, but the risk of a pullback toward $260 remains if momentum shifts, especially given resistance levels and the heavy long exposure.

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