Bitcoin Cash (BCH) May Sustain $600 Level After 32% Volume Spike and Growing Institutional Interest

• BCH climbed >32% in 24 hours with volume topping $700M.

• Institutional open interest rose ~23%, while retail flows accelerated after July gains.

• RSI at 58.85 and intraday peak near $618.56 indicate bullish momentum; July outperformance vs Bitcoin: ~20%.

Bitcoin Cash price spikes above $600 as volume surges 32%—read the latest BCH analysis and key levels to watch. Stay informed with COINOTAG.

What caused the Bitcoin Cash price surge?

Bitcoin Cash price surged after a confluence of higher trading volume, increased institutional open interest and bullish technicals. CoinMarketCap data shows a 32% 24-hour rise in BCH volume and a 23% jump in open interest, which combined with a golden cross on hourly charts, ignited the move.

How much did institutional and retail demand affect BCH momentum?

Institutional demand pushed open interest up by about 23%, signaling larger directional bets on BCH. Retail traders followed in July after BCH outperformed Bitcoin by roughly 20%. Increased participation lifted 24-hour trading volume to approximately $703.98 million, reinforcing short-term bullish sentiment.

Can Bitcoin Cash hold $600 level?

Bitcoin Cash recently flipped the $600 level after forming a golden cross on hourly charts. The move gained momentum from a $40+ intraday lift that took BCH from near $560 to a high of $618.56 before a modest correction.

Bitcoin Cash Daily Price Chart | Source: CoinMarketCap

What technical signals should traders watch?

Key technicals: RSI at 58.85 indicates bullish bias but not extreme overbought conditions. The golden cross on short-term hourly moving averages signals momentum continuation. Traders should watch support at $600 and nearby moving averages for decisive breaks.

Market snapshot and comparative data

Front-loaded figures give quick context: 24-hour volume rose ~32.12% to $703.98M, open interest up ~23%, intraday high at $618.56 and current price near $601.39 (+0.95% 24h).

Frequently Asked Questions

How long could BCH maintain this rally?

Duration depends on sustained volume and institutional flows. If open interest and volume stay elevated and no major negative catalysts appear, the rally can continue for days to weeks; sudden liquidity drain or market-wide altcoin weakness could reverse gains quickly.

What price levels should traders set for risk management?

Conservative traders can place stop-losses below $600 and monitor daily closes. Aggressive traders may use intraday moving averages and trailing stops to capture upside while limiting downside exposure.

Key Takeaways

• Volume surge: 24-hour trading volume rose ~32%, signaling strong participation.
• Institutional backing: Open interest increased ~23%, suggesting larger directional bets.
• Critical level: $600 is now a key support; monitor RSI, volume and open interest for confirmation.

Conclusion

Bitcoin Cash’s recent price surge above $600 was driven by rising volume, higher open interest and bullish technicals, with CoinMarketCap data confirming a >32% volume increase. COINOTAG will continue monitoring orderflow and on-chain metrics; traders should watch the $600 support and volume trends to assess sustainability.