Whale interest spikes, but inflows raise eyebrows

Whale interest spikes, but inflows raise eyebrows

On-chain metrics presented mixed signals.

Data from IntoTheBlock showed Large Transactions Volume surged 97.77% to 1.69 million BCH on the 25th of July. This uptick pointed to increased whale and institutional activity.

On the other hand, exchanges continue to see outflows of BCH tokens.

Data from CoinGlass revealed that over $4.65 million worth of tokens moved into exchanges in the past 24 hours. This inflow suggested potential dumping by holders, possibly influenced by BCH’s past performance.