Whales Dive In: Bitcoin Cash Surges 45% as Technicals Scream ’Buy’

Bitcoin Cash isn't just rallying—it's mooning with purpose. On-chain data reveals whales accumulating BCH at levels not seen since its 2021 bull run, while the weekly chart paints the most bullish technical setup in three years.

The breakout comes as no surprise to chartists. A textbook falling wedge resolution—paired with a golden cross on the 4-hour timeframe—has traders flipping bullish. 'This is the cleanest BCH chart since its fork from BTC,' says one hedge fund crypto analyst (who clearly missed the 2018 crash).

Meanwhile, derivatives markets tell their own story. Open interest spiked 62% overnight as perpetual swap funding rates turned positive—a classic sign that shorts are getting squeezed into oblivion. CEX order books show thin liquidity above $450, suggesting this rally could have legs.

Of course, no crypto pump is complete without Wall Street's usual suspects. Two institutional custody platforms reported record BCH inflows this week—though whether that's smart money or just dumb money wearing a suit remains to be seen. The last time crypto whales moved like this? Right before the 2023 altseason that saw BCH briefly outperform ETH.

As always in crypto land: enjoy the ride, but watch for exit liquidity. Because nothing brings out the 'number go up' brigade like a chart that actually does.