Trading King

06/23 04:08

BCH whales place large orders but lean short Cryp

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary BCH whales place large orders but lean short CryptoQuant data shows near-neutral sentiment across BCH's spot and perpetual markets, though two indicators stand out and point to a rising risk of a bearish move. The average whale order size shows large holders firmly in control, averaging 229.96 BCH, about $44,688 at press time. That control raises concern because the market's funding rate has flipped to a negative 0.0028%, suggesting most perpetual-market capital sits in short positions. The spot cumulative volume delta tells a similar story, with selling volume outpacing buying. The spot CVD shows taker sellers dominating the market, a trend that has held for weeks alongside BCH's decline. If the metric stays in that bearish direction, it would weigh on price and could extend BCH's losses well below current levels, though it does not confirm a fall to $100.

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