Bitcoin Cash Suddenly Dumps 5% as Whale Reportedly Dumps 60,000 BCH

Although the remainder of the cryptocurrency market has remained basically flatlined over the previous 24 hours or so, Bitcoin Cash simply plunged by over 5% in minutes.

The transfer drove the favored altcoin from over $482 to $457 earlier than it discovered some assist and now trades near $459.

This sudden and moderately surprising drop got here amid stories that an unknown whale had disposed of a giant chunk of BCH tokens.

Data shared by well-known analyst CW prompt that this entity offered off over 60,000 BCH in minutes, which led to an prompt and violent uptick within the promoting quantity.

Someone brought about a drop by promoting over 60,000 $BCH in a brief time period. pic.twitter.com/q6j8FvUrjR

— CW (@CW8900) March 29, 2026

CoinGlass exhibits that nearly $2.5 million value of leveraged BCH positions have been worn out up to now 24 hours. Expectedly, the bulk ($2.4 million) was wrecked up to now few hours when the worth calamity unfolded.

This implies that 10% of the entire liquidations up to now 4 hours got here from BCH’s drop, which is kind of logical given the truth that the remainder of the market has proven little to no strikes in the identical timeframe.

Moreover, most of it was from a single place, which turned the biggest liquidation immediately. $2.15 million was liquidated on Binance involving the BCH/USDT buying and selling pair.

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