Bitcoin Cash (BCH) Rockets 61,561% in Liquidation Imbalance, Price Reacts
The post Bitcoin Cash (BCH) Rockets 61,561% in Liquidation Imbalance, Price Reacts appeared on BitcoinEthereumNews.com.
Bitcoin Cash (BCH) is outperforming the broader cryptocurrency market after it rose approximately 2% higher than other assets in the last 24 hours. The asset’s market has also witnessed a severe liquidation imbalance, with bears suffering huge losses in a four-hour time frame. Bitcoin Cash signals bullish rally CoinGlass data shows that traders betting short on Bitcoin Cash have seen $169,260 wiped out as BCH climbed suddenly. The asset registered a sudden spike from a daily low of $590 to breach the $600 resistance level. This unexpected rise due to a technical breakout led to the massive liquidation for bearish traders. As of this writing, Bitcoin Cash changed hands at $610.62, which represents a 1.03% increase in the last 24 hours. The coin earlier hit an intraday peak of $616.30 before a slight correction owing to a lack of volume support. The trading volume is down by 15.07% at $350.77 million as investors maintain cautious optimism about the future price path. Although some bulls anticipate Bitcoin Cash to soar to between $650 and $720, it is worth mentioning that BCH has maintained muted growth. In the last 30 days of price volatility, BCH has not soared higher than $626. However, Bitcoin Cash has room for further upside given its technical bullish indicators. For instance, its Relative Strength Index (RSI) is at 56 and suggests a neutral position. If the community supports and volume exits the red zone, it could significantly impact the price positively. Recently, the CEO of ShapeShift, Erik Voorhees, sparked speculation as he was suspected of having reactivated a nine-year dormant Ethereum wallet. He immediately swapped the Ethereum for Bitcoin Cash in a rebalancing move. You Might Also Like The development raised questions about the shifting confidence of Voorhees from Ethereum to Bitcoin Cash and the implications for BCH’s future…
Filed under: News - @ December 27, 2025 2:26 pm