Bitcoin Cash [$BCH] fell sharply over the past 24 hours, becoming one of the markets top crypto losers.
At press time, $BCH traded at $363.75, down 12.55% on the daily chart. The decline also came with rising market activity, as trading volume jumped 92% to $435 million.
That volume spike showed traders were actively responding to $BCHs latest downside move.
However, rising volume during a sell-off often reflects stronger distribution rather than renewed confidence.
Why are $BCH whales selling？
Data from Nansen showed that major $BCH holders reduced their exposure over the past 24 hours. The Top 100 Addresses cut their holdings by 61.92%, pointing to weaker confidence among large holders.
Source: Nansen
That shift added pressure to an already fragile price structure.
On top of that, investors and long-term holders appeared to follow the same direction. CoinGlass data showed that $985K worth of $BCH flowed into exchanges over the past 24 hours.
Source: CoinGlass
Exchange inflows often suggest that holders may be preparing to sell. For $BCH, this aligned with the broader bearish tone across whale and investor activity.
Intraday traders also leaned bearish.
The $BCH Long/Short Ratio fell to 0.7886, showing that short positions were dominating the market. That left traders asking whether $BCH could stabilize or extend its decline.
Can Bitcoin Cash avoid another 15% drop？
$BCHs daily chart showed that sellers had gained control after the latest breakdown.
Following its 12.55% decline, $BCH lost the $380 support level. The asset had held this zone since May 2025.
Source: TradingView
This breakdown strengthened the bearish setup for Bitcoin Cash.
If $BCH stays below $380, the price could fall another 15% toward the $305 level. However, this bearish view would weaken if $BCH reclaims $380 and holds above it.
Even so, one technical signal showed that the downside may not be fully confirmed yet.
The Average Directional Index stood at 18.64, below the key 25 threshold. This suggested weak directional strength, meaning $BCHs current downtrend may still lack strong momentum.
For now, $BCH remains under pressure below $380.
The next move could depend on whether whales keep selling or buyers defend lower support near $305.
Final Summary
- Bitcoin Cash [$BCH] dropped 12.55% to $363.75, making it one of the markets top daily losers.
- $BCH trading volume jumped 92% to $435 million, showing higher activity during the sell-off.