Bitcoin Cash price jumped sharply as volume surged over 32%, lifting BCH above the $600 mark; institutional open interest rose ~23% and RSI at 58.85 signals continued bullish momentum, making $600 a key short-term support to monitor.
BCH climbed >32% in 24 hours with volume topping $700M.
Institutional open interest rose ~23%, while retail flows accelerated after July gains.
RSI at 58.85 and intraday peak near $618.56 indicate bullish momentum; July outperformance vs Bitcoin: ~20%.
Bitcoin Cash price spikes above $600 as volume surges 32%—read the latest BCH analysis and key levels to watch. Stay informed with COINOTAG.
What caused the Bitcoin Cash price surge?
Bitcoin Cash price surged after a confluence of higher trading volume, increased institutional open interest and bullish technicals. CoinMarketCap data shows a 32% 24-hour rise in BCH volume and a 23% jump in open interest, which combined with a golden cross on hourly charts, ignited the move.
How much did institutional and retail demand affect BCH momentum?
Institutional demand pushed open interest up by about 23%, signaling larger directional bets on BCH. Retail traders followed in July after BCH outperformed Bitcoin by roughly 20%. Increased participation lifted 24-hour trading volume to approximately $703.98 million, reinforcing short-term bullish sentiment.
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Bitcoin Cash recently flipped the $600 level after forming a golden cross on hourly charts. The move gained momentum from a $40+ intraday lift that took BCH from near $560 to a high of $618.56 before a modest correction.
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