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Bitcoin Cash Surges 10% Amid Derivatives Bullishness and Spot Selling

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BCH
$586.84-1.34%
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BTC
$88,241.30-0.03%
Bitcoin news reports that Bitcoin Cash (BCH) climbed nearly 10% on December 19, fueled by bullish moves in perpetual futures. Open Interest hit $786 million as traders opened longs, with positive Funding Rates. Meanwhile, $3.93 million in BCH moved to exchanges for selling, reversing prior buying. Weekly net outflows totaled $4.88 million. Bitcoin analysis shows BCH in a bullish triangle, needing a $606 breakout for more gains.
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