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Bitcoin Cash (BCH) Surges 10% Amid Derivatives Activity and Uneven Market Participation

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BCH
$588.36-1.07%
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BTC
$88,872.400.74%
Bitcoin Cash (BCH) climbed roughly 10% in 24 hours, fueled by rising network activity and derivatives trading. Perpetual futures traders opened $184 million in new longs, pushing open interest to $786 million. Funding rates turned positive, showing long dominance. Meanwhile, spot investors sold $3.93 million in BCH on exchanges on December 19. The spot market saw a $4.88 million net outflow in the past week. Bitcoin news continues to highlight mixed on-chain flows and speculative momentum.
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