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Bitcoin Cash Momentum Builds: BCH Rallies as Open Interest & Transactions Rise

  • Bitcoin Cash (BCH) price rises more than 7% to trade at $342 as network usage spikes.
  • Bitcoin Cash transaction rate reaches an all-time high of 3.6, indicating rising trader interest and liquidity levels.
  • Open interest (OI) on BCH futures increases from $174.48 million to $238.48 million, reflecting fresh capital inflow and potential price growth.
  • Technical indicators suggest the possibility of further price gains, with the next significant resistance level at $390.5.

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