Bitcoin Cash Slides 6.0% In Four Hours, Falling To $308
BCH was down 7.21% over 24 hours, while $350,000 in long positions was liquidated across three major exchanges in one hour.
Bitcoin Cash (BCH) fell 5.96% in four hours to $308 as of 1:47 a.m. ET (05:47 UTC) on Sept. 28, extending its 24-hour decline to 7.21%.
The price moved from $327 to $308 over the four-hour period, based on TokenPost’s direct collection and calculation of public exchange prices. The reading uses Binance’s BCH/USDT spot market and places BCH at 22nd by market capitalization, at about $6.3651 billion.
One-hour liquidations across Binance, Bybit and OKX totaled $350,000 in long positions and $0 in short positions. Long positions are trades that benefit from a price increase, so their liquidation indicates that the decline forced some bullish positions to close automatically.
