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Bitcoin Cash Tumbles Below $400 as Bears Overwhelm Key Support Level

Bitcoin Cash Tumbles Below $400 as Bears Overwhelm Key Support Level

Author:
CoindeskEN
Published:
2025-05-30 12:26:20
16
2

Bitcoin Cash Slumps 4% as $400 Support Faces Heavy Selling Pressure

Blood in the streets—BCH plunges 4% as its last line of defense crumbles. The $400 support level, once a psychological safe zone, now looks like a trapdoor for panicked sellers.

Whale-sized sell orders flooded the market this morning, triggering stop-loss cascades that even the most diamond-handed hodlers couldn’t ignore. Trading desks report leveraged longs getting liquidated faster than a shitcoin ICO’s marketing budget.

Meanwhile, Bitcoin maximalists are—predictably—using the dip to dust off their ’told-you-so’ tweets. Because nothing screams ’healthy ecosystem’ like schadenfreude-fueled tribalism.

Next critical watch: $380. Break that, and we’re revisiting pre-halving levels—just in time for Wall Street’s favorite summer pastime: shorting crypto between yacht parties.

|Square

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