$BCH Explodes 10%โ€ฆ But Somethingโ€™s REALLY Off ๐Ÿšจ

$BCH is ripping โ€“ up 10% in 24 hours โ€“ but dig a little deeper and youโ€™ll see a massive disconnect. While derivatives traders are piling in, spot holders are quietly heading for the exits.

Perpetual contracts are seeing a huge $184M surge in open interest (now $786M total!), with long positions dominating and funding rates at a positive $0.0044%. Over $2.54M in shorts have already been liquidated. ๐Ÿš€

But hereโ€™s the kicker: spot market investors are *selling* into this rally. This suggests serious profit-taking or a major de-risking move. ๐Ÿ“‰

This isnโ€™t just a rally; itโ€™s a clash of narratives. Be careful out there.

#BCH #CryptoTrading #Derivatives #MarketAnalysis ๐Ÿง

BCH
BCHUSDT
579.6
-0.85%