Bitcoin Cash Suddenly Dumps 5% as Whale Reportedly Dumps 60,000 BCH

Although the rest of the cryptocurrency market has remained essentially flatlined over the past 24 hours or so, Bitcoin Cash just plunged by over 5% in minutes.

The move drove the popular altcoin from over $482 to $457 before it found some support and now trades close to $459.

This sudden and rather unexpected drop came amid reports that an unknown whale had disposed of a big chunk of $BCH tokens.

Data shared by well-known analyst CW suggested that this entity sold off over 60,000 $BCH in minutes, which led to an instant and violent uptick in the selling volume.

Someone caused a drop by selling over 60,000 $BCH in a short period of time. pic.twitter.com/q6j8FvUrjR

— CW (@CW8900) March 29, 2026

CoinGlass shows that almost $2.5 million worth of leveraged $BCH positions have been wiped out in the past 24 hours. Expectedly, the majority ($2.4 million) was wrecked in the past few hours when the price calamity unfolded.

This means that 10% of the total liquidations in the past 4 hours came from $BCH’s drop, which is quite logical given the fact that the rest of the market has shown little to no moves in the same timeframe.

Moreover, most of it was from a single position, which became the largest liquidation today. $2.15 million was liquidated on Binance involving the $BCH/USDT trading pair.