According to WhaleStats, Bitcoin Cash (BCH) is seeing sudden interest in whales. This comes as it ranks among the top 10 assets in terms of trading volume by the 100 largest BSC whales over the past 24 hours.

While the reason for the surge in interest remains unclear, the simplest logic remains that whales often take advantage of periods of price declines or underperformance to accumulate tokens cheaply.

Santiment’s MVRV shows the sentiment surrounding an asset at any given time, inferring the likelihood of future price movements based on probability.

A recent analysis by Santiment indicates that, for most assets, including BCH, 30-day trading returns continue to point to mid-term losses for the average portfolio. The deeper the asset’s MVRV goes into negative territory, the lower the downside risk.

At the time of writing, Bitcoin Cash is trading at $117.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

BCH

bitcoin cash

MVRV

price

whales

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Uncategorized

Bitcoin Cash Is In The Interest Of Whales

According to WhaleStats, Bitcoin Cash (BCH) is seeing sudden interest in whales. This comes as it ranks among the top 10 assets in terms of trading volume by the 100 largest BSC whales over the past 24 hours.

While the reason for the surge in interest remains unclear, the simplest logic remains that whales often take advantage of periods of price declines or underperformance to accumulate tokens cheaply.

JUST IN: $BCH now on top 10 by trading volume among 100 biggest #BSC whales in the last 24hrs ????

Check the top 100 whales here: https://t.co/0SYnjw0xQs

(and hodl $BBW to see data for the top 4000!)#BCH #whalestats #babywhale #BBW pic.twitter.com/838RoZloJt

— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) September 1, 2022

Santiment’s MVRV shows the sentiment surrounding an asset at any given time, inferring the likelihood of future price movements based on probability.

A recent analysis by Santiment indicates that, for most assets, including BCH, 30-day trading returns continue to point to mid-term losses for the average portfolio. The deeper the asset’s MVRV goes into negative territory, the lower the downside risk.

At the time of writing, Bitcoin Cash is trading at $117.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Other Posts

Related Posts

[tptn_list limit="8" title_length="0" heading="0" show_date="0" daily="1"]