Bitcoin Cash Plummets 3.26% to $299 on Binance Spot Market

Bitcoin Cash (BCH) took a significant hit on Binance's BCH/USDT spot market, falling 3.26% in just one hour to $299. This decline extended the token's 24-hour slide to 2.54%. The price drop was notable, as it occurred in a short period of time, with BCH trading at $309 just an hour prior.

The one-hour figures are based on exchange prices collected and calculated by TokenPost. Long liquidations across Binance, Bybit, and OKX totaled $1.07 million in the same hour, while short liquidations came in at $0. This suggests that investors were forced to sell their long positions, potentially exacerbating the price drop.