Bitcoin Cash drops 8% as selling pressure mounts
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
tradersunion.com reports that Bitcoin Cash (BCH) fell 8.02% due to persistent selling pressure and downside volatility. The asset is currently trading below its 20-day moving average of $259.42 and its 200-day moving average of $330.81. However, it remains above the 50-day moving average at $230.97, which offers some medium-term support.
Technical indicators show mixed signals, with MACD and ADX indicating upside momentum while the Stochastic RSI issues a sell signal. The Ichimoku Kijun sits at $253.7, acting as immediate resistance against the current price action. Bull/Bear Power remains positive, suggesting buyers still lead intraday dynamics despite overbought conditions.
Volatility is recorded at 4.73%, indicating continued pressure following a downside gap. Analysts note that regulatory clarity is improving across the digital asset sector. Traders are advised to watch the $241.1 resistance and $230.97 support levels for directional clues.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Whalio data shows BCH trading at $251.90 with a 1-hour buy ratio of 45.1% and a 4-hour buy ratio of 49.7%. Both short-term ratios are lower than the 24-hour buy ratio of 44.1%, indicating that buying pressure is fading relative to the daily average. Volume deltas are negative across all timeframes, with the 24-hour delta at -$1,004,308 and the 1-hour delta at -$760,990. This means sellers are executing larger trades than buyers on average, pushing the Cumulative Volume Delta to -$2,657,515 for the day. Only 6 out of 24 hours saw net buying, confirming that sellers dominated the flow.
The latest daily buy ratio of 52.0% sits at the 60th percentile of the last 324 days, against a median of 50.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for BCH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 52.1%, compared to the current 24-hour ratio of 44.1%, a drop of 8.0 points. This suggests today is an unusual day for the coin, with significantly less buying interest than the weekly norm. Weekly volume was 0.90x the average, indicating lighter trading activity than usual. Despite the recent drop, the coin saw a 3.0% price increase over the past 8 days. The total volume delta for the week was positive at $1,558,594, showing that buying had dominated until this recent shift.