2025-12-20 04:23:17

BCH increased by 10.4% within 24 hours, far exceeding the average level of the crypto market (+1.5%). There are two key drivers behind this rally worth noting. First is whale activity—well-known figure Erik Voorhees's dormant wallet has recently moved, converting 4,619 ETH (worth approximately $13.4 million) into 24,950 BCH in a single transaction. This large order immediately triggered retail investors' FOMO. Second, from a technical perspective, BCH successfully broke through the key resistance level of $541, forming a clear upward breakout pattern. This combination of large investors' strategic positioning and technical breakout often amplifies market sentiment, potentially continuing to support upward momentum in the short term.

BCH-0,07%

ETH-3,03%

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NotFinancialAdvice

· 2025-12-20 10:05

Whales move, the market comes alive; are retail investors just following the trend or is it really attractive? Erik's move... 13.4 million invested in BCH, I don't think this wave can last forever. Breakthrough 541 and it will take off? Why do I feel like we should wait and see? Large investors' strategic layout combined with technical analysis sounds perfect, but there's a strong sense of short-term hype. A 10.4% increase is indeed impressive, but is this a fleeting moment or a real trend? Following the trend carries risks, everyone. Don't let whales turn you into a bag holder. What does breaking the resistance level indicate? The key is whether it can hold steady afterward. The whole logic sounds perfect, but I just don't quite believe it... Retail investors following the crowd en masse—that's the most dangerous signal, isn't it?

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Tokenomics911