Bitcoin Cash: Downward trend is reinforced, retailers show strength!

Bitcoin Cash: Downward trend is reinforced, retailers show strength!

On October 5, 2025, Bitcoin Cash (BCH) left the expanding channel pattern on the daily type, which is a turning point in its price movement. The decline in open interest (Open Interest, OI) indicates a decreasing demand among derivate retailers. While large investors, also known as Whales, begin to repeal their stocks, retail demand remains strong.

On Wednesday, BCH showed a recovery of 1%, while the wider market stabilized. However, this optimism could be deceptive, since current derivative data and technical analyzes indicate persistent downward risks. How Fxstreet reports, the market shows a divergence between the activities of retail and large investors. While investors have accumulated a total of 11.27 million BCH with less than 10,000 BCH, large investors with stocks from 10,000 to 1 million BCH have reduced their stocks to 8.71 million BCH.

Market analysis and technical indicators

The data on the Bitcoin Cash's Open Interest has dropped by 2.16% to $ 432.79 million in the last 24 hours. The liquidation data show that long liquidations with $ 313,580 exceed the short liquidations of $ 33,450. This could be another sign of a possible sales pressure.

In addition, the OI-weighted funding rate has dropped to 0.0019%, previously it was maximum 0.0071% with an intraday. BCH continues to last over the 100-period exponential moving average (EMA) at $ 541. Nevertheless, the momentum indicators persistently show Bärische Momentum with a relative strength index (RSI) of 42, which is below the center. The MacD indicator has reached the zero line and shows increasing bear momentum.

Prize scenarios and setbacks

A final course under the 100-day EMA at $ 541 could extend the decline up to the 200-day EMA at $ 493. In order to disability the outbreak of the channel pattern, BCH would have to recapture the 50-day EMA at $ 574. A possible back rash on the 78.6%fibonacci retracement level at 618 USD is also conceivable, should the market create the turnaround.

In view of the almost opposite movements between retail and large investors, the next time will be crucial to observe in which direction Bitcoin will develop. The pressure from the whales could result in a clamp if the downward trend should stop.