BCH Stuck in Tug-of-War Between Whale Longs and Spot Sellers
BCH is stuck at $259 in a tug-of-war between whales and spot sellers.
The smart money, or those with larger accounts and presumably better information, are heavily long BCH, but aggressive sell orders from spot buyers are outpacing buys by nearly two to one.
This divergence typically resolves with a volatile snap rather than a slow grind.
BCH's momentum has flatlined, with the MACD histogram compressed to zero and RSI hovering in the high-50s. The market is coiled, waiting for a catalyst to pick a direction.