Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: MRM on August 10, 2020, 02:38:14 PM
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The number of Bitcoin Cash investors holding at least $3M dropped by 10 since Aug. 1 following the price surge to more than $311.
Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings.
According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales could have sold their holdings.
Source: https://cointelegraph.com/news/number-of-bitcoin-cash-whales-drop-following-39-price-surge
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People are keeping an eye in the upcoming fork in the next month, let's see how everything will goes, time to get some BCH and join the Airdrop.
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I think thats because some whales are already liquidated its holdings, and taking the advantage of the price surge to earn some additional profit.
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Safer investment option would be taking half of the ABC and converting to BCH, and holding the other half as ABC, and at every spike in price, again take half and sell that - and repeat the cycle. Same principle as the half life cycle