Bitcoin Cash (BCH) Investors Profitable for the First Time Since Mid-June

• Bitcoin Cash crossed the $200 mark again after two weeks.
• Investors gained a notable profit with this sudden surge for the first time in 10 weeks.

The Bitcoin Cash ($BCH) price has experienced ups and downs over the past few weeks. After staying below the $180 mark for two weeks, $BCH has surpassed the $200 range. According to the Santiment report, short- and long-term investors gained a notable profit with this sudden surge for the first time in 10 weeks.

Santiment, the crypto market and transaction analyzer, reported that $BCH investors have gained a healthy profit for the first time since mid-June. Bitcoin Cash showed a significant price increase of 15% on August 30 after showing a downtrend for the past few weeks. The sudden price surge boosted investors’ confidence in Bitcoin Cash.

Bitcoin Cash Shows Surge in Whale Activity

Santiment’s report also mentioned that $BCH whale activity has experienced a mild resurgence in recent days. Additionally, returns from active $BCH trading for the past 30 and 365 days are once again above the range. Following the whale activity, $BCH showed a significant surge that resulted in a profit for the short and long-term investors. The surge in whale activity is expected to be the key to a further price increase.

Bitcoin Cash has been trading between $180 and $190 for the past few days. The sudden price surge helped $BCH cross the $200 mark again after two weeks. However, the price surge in $BCH didn’t last for long. The trading price of $BCH started declining after the sudden surge. Even with the price drop, $BCH is still trading above the $200 range.

At the time of writing, Bitcoin Cash has been trading at $213, with a decline of over 3.03% in the last 24 hours. The daily trading volume of $BCH has experienced a drop of around 56.53%, according to CoinMarketCap.

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