$BCH Now 204, the money came back—one day and a bit more—but the price still doesn’t move. The script really hasn’t been changed at all.
Spot: in the past three hours, all twelve poles were there—none missing, perfectly in place. Active buying is suppressing active selling; this round of funds has truly entered the market. But where’s the price? It’s still stuck at the 203 hurdle, grinding below the moving averages.
On the futures side, open interest keeps shrinking: it dropped nearly five percentage points in a day. Funding fees are hovering around zero, and the longs got shaken out. In plain terms, the leverage used to push up the price didn’t come through—whoever entered to catch the dip is mostly spot traders.
Funds are in, but the price isn’t reacting. That’s the most uncomfortable part. It’s not that nobody is buying—it's that the buying volume can’t overpower the batch above that wants to exit. The number of big accounts is a bit high, but positions are roughly half long and half short. Even big funds themselves are hesitating.
The trend is weak, and the amplitude is large. One single K-line can throw people off the bus. With this kind of market, I won’t chase longs or grab shorts. The dip at 198.6 that got picked up twice—whoever wants to gamble, let them gamble.
Watch first. Let the price choose its direction. Talk about chasing only if there’s a breakout with volume above 205. If it breaks below 198.6, we’ll talk about other things.
#bch $BCH
Spot: in the past three hours, all twelve poles were there—none missing, perfectly in place. Active buying is suppressing active selling; this round of funds has truly entered the market. But where’s the price? It’s still stuck at the 203 hurdle, grinding below the moving averages.
On the futures side, open interest keeps shrinking: it dropped nearly five percentage points in a day. Funding fees are hovering around zero, and the longs got shaken out. In plain terms, the leverage used to push up the price didn’t come through—whoever entered to catch the dip is mostly spot traders.
Funds are in, but the price isn’t reacting. That’s the most uncomfortable part. It’s not that nobody is buying—it's that the buying volume can’t overpower the batch above that wants to exit. The number of big accounts is a bit high, but positions are roughly half long and half short. Even big funds themselves are hesitating.
The trend is weak, and the amplitude is large. One single K-line can throw people off the bus. With this kind of market, I won’t chase longs or grab shorts. The dip at 198.6 that got picked up twice—whoever wants to gamble, let them gamble.
Watch first. Let the price choose its direction. Talk about chasing only if there’s a breakout with volume above 205. If it breaks below 198.6, we’ll talk about other things.
#bch $BCH
