Mid-October saw Bitcoin Cash [BCH] bulls in action, but momentum slowed. After a price spike on 14th October, demand hasn’t kept up, though BCH retains most gains.
BCH ownership stats suggest a mixed sentiment after a recent bullish move. Analysts typically see sudden price jumps as whale accumulation, but BCH's activity suggests hesitation. With demand waning but no major sell-offs, it could be a wait-and-watch situation for investors.
Bitcoin dipped below $67,000 after struggling to break past the $70,000 mark. The total crypto market cap dropped by 1.5% to $2.3 trillion in recent corrections. Ethereum, Litecoin, Polkadot, and ICP saw losses, while Solana gained 2.4% despite the downturn.
Long positions saw $171.2 million in liquidations in the past 24 hours. Shorts also faced losses with $30 million wiped out. TeraWulf shines amid the decline with a 12% rise thanks to its pivot into AI data centers.