{"id":163887,"date":"2024-03-29T14:15:21","date_gmt":"2024-03-29T14:15:21","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=163887"},"modified":"2024-03-29T14:20:23","modified_gmt":"2024-03-29T14:20:23","slug":"bitcoin-cash-bch-surges-10-ahead-of-its-second-ever-halving-open-interest-hits-ath","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-cash-bch-surges-10-ahead-of-its-second-ever-halving-open-interest-hits-ath\/","title":{"rendered":"Bitcoin Cash (BCH) Surges 9.3% Ahead of its Second-Ever Halving: Open Interest Hits ATH"},"content":{"rendered":"
TL;DR<\/p>\n
Open interest in Bitcoin Cash perpetual futures contracts has reached staggering levels, surpassing $700 million ahead of the upcoming BCH halving<\/a>.<\/strong> This trend<\/a> suggests growing trading activity and heightened interest from investors in the Bitcoin Cash futures market. Additionally, its price<\/a> has increased by 9.30% in the last 24 hours, reaching $621.19.<\/strong><\/p>\n The last BCH halving event occurred in May 2021, resulting in a significant increase in open interest. However, BCH’s price was considerably higher at that time, nearly 2.5 times the current value.<\/strong> This trend indicates that the surge in open interest is occurring despite the current lower price.<\/p>\n Despite the pre-halving rally, BCH’s price remains significantly below its all-time high of $4,355<\/strong>, achieved in December 2017. This discrepancy suggests that the market has not yet reached the same level of enthusiasm and valuation as in the past.<\/strong><\/p>\n <\/p>\nBitcoin Cash Still Remains Far From its All-Time High<\/h2>\n