Though the remainder of the cryptocurrency market has remained basically flatlined over the previous 24 hours or so, Bitcoin Money simply plunged by over 5% in minutes.
The transfer drove the favored altcoin from over $482 to $457 earlier than it discovered some help and now trades near $459.
This sudden and moderately surprising drop got here amid studies that an unknown whale had disposed of an enormous chunk of BCH tokens.
Knowledge shared by well-known analyst CW recommended that this entity offered off over 60,000 BCH in minutes, which led to an on the spot and violent uptick within the promoting quantity.
Somebody prompted a drop by promoting over 60,000 $BCH in a brief time period. pic.twitter.com/q6j8FvUrjR
— CW (@CW8900) March 29, 2026
CoinGlass reveals that just about $2.5 million value of leveraged BCH positions have been worn out previously 24 hours. Expectedly, the bulk ($2.4 million) was wrecked previously few hours when the value calamity unfolded.
Which means that 10% of the full liquidations previously 4 hours got here from BCH’s drop, which is kind of logical given the truth that the remainder of the market has proven little to no strikes in the identical timeframe.
Furthermore, most of it was from a single place, which grew to become the biggest liquidation right this moment. $2.15 million was liquidated on Binance involving the BCH/USDT buying and selling pair.
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