Data: BCH's open contracts have fallen 47% since the halving
PANews reported on April 12th, according to data from CoinGlass cited by Cointelegraph, the open interest of BCH contracts fell 47% to $378.3 million from its peak of $708.5 million before BCH halving. As the open interest decreased, the price of BCH also dropped by 13%. According to data from CoinMarketCap, most of this decline occurred on April 10th; after four days of intense fluctuations between $676 and $691, it plummeted by 7.51% within three hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
August was crypto’s best month, but here are the bearish signs you probably missed!


Wall Street giants such as Goldman Sachs (GS.US) and Morgan Stanley (MS.US) are pressuring law firms to lower fees, aiming to share the efficiency dividends brought by AI.
Goldman Sachs, Morgan Stanley, and Citigroup have informed law firms that, as artificial intelligence (AI) technology has made routine work more efficient, legal fees charged by law firms should also decrease.

Bechtle wins EcoVadis Platinum sustainability rating with 97/100 score