Bitcoin Cash (BCH) fell sharply over the past 24 hours, becoming one of the major crypto market losers.
At press time, BCH was trading at $363.75, down 12.55% on the daily chart. This decline was also accompanied by an increase in market activity, with trading volume jumping 92% to $435 million.
This spike in volume shows that traders are actively reacting to the latest downward move in BCH.
However, increased volume during a selloff often reflects stronger distribution rather than renewed confidence.
Why are BCH whales selling off?
Data from Nansen showed that major BCH holders reduced their exposure over the past 24 hours. The top 100 addresses reduced their holdings by 61.92%, indicating lower confidence among large holders.
This change added pressure to an already fragile pricing structure.
Additionally, investors and long-term holders seemed to be moving in the same direction. Data from CoinGlass showed that $985,000 worth of BCH was invested in exchanges in the last 24 hours.
Foreign exchange flows often suggest that holders are preparing to sell. For BCH, this matches the broader bearish tone of whale and investor activity.
Intraday traders also had a bearish trend.
The BCH Long/Short ratio fell to 0.7886, showing that short positions dominated the market. This has led traders to wonder whether BCH could stabilize or extend its decline.
Can Bitcoin Cash avoid another 15% drop?
The BCH daily chart shows that sellers took control after the latest breakdown.
After its 12.55% decline, BCH lost the $380 support level. The asset has held this area since May 2025.
This breakdown reinforced Bitcoin Cash’s bearish setup.
If BCH stays below $380, the price could drop another 15% to reach the $305 level. However, this bearish view would weaken if BCH reclaims $380 and holds above it.
Nevertheless, a technical signal showed that the decline may not yet be fully confirmed.
The average directional index stands at 18.64, below the key threshold of 25. This suggests weak directional strength, meaning BCH’s current downtrend may still lack momentum.
For now, BCH remains under pressure below $380.
The next move could depend on whether whales continue selling or buyers defend lower support near $305.
Final Summary
- Bitcoin Cash (BCH) fell 12.55% to $363.75, making it one of the market’s biggest daily losers.
- BCH trading volume jumped 92% to $435 million, showing higher activity during the sell-off.
