A note on tracking capital flows:
$BCH has posted five consecutive down days, for a cumulative loss of 15.25%.
Looking at the cost distribution, most of the funds that entered over the past few days are sitting on unrealized losses. If the price rebounds to around their cost basis, selling pressure from investors looking to break even may emerge. The key is whether large investors step in to support the price at lower levels—if no one does, the losing streak may continue.
What would you do?
$BCH has posted five consecutive down days, for a cumulative loss of 15.25%.
Looking at the cost distribution, most of the funds that entered over the past few days are sitting on unrealized losses. If the price rebounds to around their cost basis, selling pressure from investors looking to break even may emerge. The key is whether large investors step in to support the price at lower levels—if no one does, the losing streak may continue.
What would you do?
