Santiment: BCH Futures Volume Jumps 7x Ahead of CME Launch
- —BCH futures volume on Sept. 22–23 was 7x the Aug. 24–Sept. 20 daily average
- —Open interest climbed from $151 million to $295 million, then fell 10% to $263 million
- —BCH price slipped from $345 to $337, a daily loss of about 2%
- —Social media mentions tripled, then dropped from 161 to 108
Why it matters: The data points to speculative rather than institutional activity, with CME's Oct. 19 launch set to reshape BCH demand.
Source: Koin Bülteni