Bitcoin Cash (BCH) is trading above 621 USD, marking a new yearly high influenced by Bitcoin’s all-time high. The technical outlook indicates further gains towards levels exceeding 700 USD, supported by increasing Open Interest and a buy-dominant market.
On-chain data reveals a bullish trend for BCH, with a positive Cumulative Volume Delta enhancing the buy indicators. The futures Open Interest for BCH reached a yearly high of 683.96 million USD, reflecting new investment interest in BCH.
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