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06/23 05:41

$BCH whales place large orders but lean short Cryp

$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. #HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs

Source: CryptoQuant 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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