$BCH has just triggered a significant long liquidation of $95.4K at $487.36, signaling a sharp pullback and a shift in market sentiment.
This liquidation highlights the pressure on long positions as $BCH faces downward momentum, contributing to the current decline.
With such a large liquidation event, BCH could experience further volatility, potentially triggering additional long liquidations and amplifying the downside movement.
BCH is under pressure in the short term, and traders should remain cautious while monitoring for signs of a potential reversal or continued weakness.
Keep an eye on $BCH as it navigates through this correction.