The same whales dominated both markets. Why did their footprints point in opposite directions?
If BCH can defend the $220-$240 pocket, a price recovery could become much more likely.
Bitcoin Cash jumped 29.41% to $288, the biggest daily gain of any major coin. The reason has almost nothing to do with Bitcoin Cash itself.
The Bitcoin Cash price action has been constrained within a lower timeframe range over the past two weeks.
Since mid-July, Bitcoin Cash has only been able to bounce high enough to test local supply zones before sliding lower.
Bitcoin Cash could bottom near $100 if sellers intensifies pressure.
Cardano (ADA), down 2.8%, was also among the underperformers.
NEAR Protocol (NEAR) declined 15.2% and Internet Computer (ICP) dropped 13.1%, leading the index lower.
Bitcoin Cash hits 2025 low with a broader price decline in view.
Binance Coin (BNB), down 3.4% from Tuesday, was also an underperformer.
Bitcoin Cash formed a swing low at $348.3 and could bounce beyond $400.
Whale selling pushed BCH below $380, leaving traders focused on the $305 zone.