BCH Plunges 10% as Leveraged Bulls Get Caught Off Guard
Bitcoin Cash (BCH) traders woke up to red candles on September 11, 2026, as $BCH dropped over 10% in a day. The sharp decline wiped out $1.65 million in long positions held by leveraged bulls who were caught off guard.
The surge in volume more than doubled as sellers took control of the market, but the bigger uptrend structure on the chart remains intact.
According to CoinMarketCap data, the current price of BCH is $226.70, with a market capitalization of over $4.55 billion. The total supply of BCH stands at 20.08 million coins, with 38.04 thousand holders.
An analysis of the chart shows that despite today's drop, BCH is still holding inside a broader rising channel that has been intact since late May. The Relative Strength Index (RSI) sits at 43.67, cooling off from a recent high of 56.59 but still in neutral territory rather than oversold.