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 quite 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 prompt that this entity offered off over 60,000 $BCH in minutes, which led to an instantaneous and violent uptick within the promoting quantity.
Somebody brought about 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 price 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 in the present day. $2.15 million was liquidated on Binance involving the $BCH/USDT buying and selling pair.
