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CryptoIntelligence 2024-04-03 21:10:41

Bitcoin Cash Surges Ahead of Second Halving Event, Reaches Record Open Interest in Futures

Bitcoin Cash Surges Ahead of Second Halving Event, Reaches Record Open Interest in Futures

Bitcoin Cash (BCH) is experiencing a notable surge, trading at $574.84, reflecting a 9.06% increase in the last 24 hours, as the crypto community anticipates the second BCH halving event slated for next week. This event has sparked significant trading activity, with traders actively adjusting their positions in anticipation. According to NiceHash, the BCH halving is expected on April 4, leading to substantial movements in the market on March 28, with $190,140 liquidated in short positions and $211,870 in long positions. Furthermore, Bitcoin Cash futures perpetual contracts reached a historic peak in open interest (OI), hitting $708.75 million, marking an

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