Bitcoin Cash Price Prediction: 35% BCH Rally Puts $450 in Focus

That means nearly three-quarters of the liquidations came from traders betting against BCH.

The imbalance became even more pronounced over shorter timeframes. In the latest four-hour period, BCH recorded about $2.06 million in total liquidations, including roughly $1.58 million in shorts.

As BCH pushed through key resistance levels, bearish traders were forced to close leveraged positions by buying the token back, creating a classic short squeeze. That forced buying likely helped accelerate the rally after the initial CME futures catalyst.

BCH Price Eyes Another 20% Pump

Bitcoin Cash’s latest breakout could extend toward $450, where the token’s next major Fibonacci resistance sits.

On the two-week chart, BCH has rebounded sharply from its long-term $175-$200 accumulation zone, an area that has repeatedly attracted buyers since 2020.