Bitcoin Cash has begun to regain traction as the broader crypto market shows early signs of stabilization. With Bitcoin steadying and sentiment cooling from recent extremes, BCH has quietly pushed back toward the $570–$575 region, posting steady intraday gains while maintaining structural support near $540. The recovery is not explosive, but it is calculated. Beneath the surface, leverage remains elevated and positioning is building near resistance, creating conditions that could define the next major move. The key question now is whether $570 gives way and unlocks a squeeze toward $600.
At the same time, open interest has increased 11.60% to $771.89 million, and total derivatives volume has surged 57.03% to $907.13 million. Rising open interest alongside rising price typically indicates that new positions are entering the market rather than shorts merely covering. This dynamic is important because when price increases while open interest expands, markets often move toward liquidity events. If momentum continues, overleveraged participants can quickly become fuel for acceleration.
Final Thoughts
Bitcoin Cash (BCH) is not simply participating in the broader market recovery, it is approaching a leverage-heavy inflection point. With BCH price at $566.84, futures volume exceeding $900 million, and open interest nearing $772 million, speculative positioning is elevated enough to create volatility once resistance is tested. If BCH clears $600 with sustained volume, the concentration of short liquidations above that level could trigger a rapid expansion phase. If resistance holds, the range remains intact and consolidation may continue.
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