BCH’s order book has already sold out the bulls: the buy-side depth is crippled, and sell orders are pressing down. This price can’t be held at all. It’s dropped half a body length in 24 hours, and any rebound is just a feint. On the futures side they’re still reducing positions, the basis has directly moved to discount (backwardation), and the smart money already left early. What’s left is mostly gambling on luck—don’t catch a flying knife.
