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Bitcoin Cash Rally Accelerates on Whale Activity and Bullish Technical Signals

Published

2 месяца ago

5 июля, 2025

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Bitcoin Cash (BCH) traded at $482.54 on July 5, down 0.23% over the past 24 hours, following a broader retreat from its recent multi-month high, according to CoinDesk Research’s technical analysis model. As for the broader crypto sector as gauged by the CoinDesk20 Index (CD20), it is up 0.27% during the same period.

On July 1, BCH reached $526.5 — its highest price in eight months — as market enthusiasm, whale accumulation, and speculative inflows helped propel the token more than 75% higher over the past three months.

The surge, briefly taking BCH above $528, coincided with a substantial increase in daily trading volume, which tripled to over 120,000 tokens exchanged within a 24-hour span. Much of the buying interest was attributed to capital rotation into mid-cap cryptocurrencies, as investors sought gains beyond the majors during a period of broader crypto market strength.

On-chain fundamentals, however, remain lackluster. Daily active BCH addresses have dropped to a six-year low, suggesting that the rally is being driven more by speculation than by increased network utility. Despite this disconnect, technical indicators point to further upside potential. In late June, a golden cross formation appeared on BCH’s hourly chart—where the 50-day moving average crossed above the 200-day MA—a historically bullish signal.

Adding to the speculative momentum, open interest in BCH derivatives rose 27.4% this past week to $578 million. Analysts are watching the $478 to $508 range closely, viewing it as a key support zone that could stabilize the current pullback.

On July 4, analytics firm IntoTheBlock reported a 122.45% increase in large whale transactions involving over $100,000 in BCH, totaling 957,440 tokens worth approximately $482 million. This sharp rise in high-value transfers echoed earlier activity spikes seen in February, May, and late June—all of which preceded major price movements.

A separate development on July 5 raised further intrigue, when a 10,000-BCH transaction worth roughly $5 million was flagged just prior to the historic movement of 80,000 dormant BTC — valued at over $8.5 billion. Experts suggest the BCH transfer may have served as a key test of wallet access before executing the massive Bitcoin transaction, which was the largest of its kind in over a decade.

Meanwhile, the Bitcoin Cash Foundation published its July 1 update highlighting the release of Knuth v0.68.0, which unifies the node’s codebase and lays the groundwork for future UTXO efficiency upgrades. While no major adoption headlines emerged this week, smaller community projects continue to explore BCH-based micropayments and NFTs. Roger Ver, a longtime proponent of Bitcoin Cash, remains publicly active in promoting BCH as a scalable alternative to bitcoin, though his recent advocacy has not been accompanied by any new institutional product launches.

Technical Analysis Highlights

BCH traded within a $7.52 (1.57%) range between $481.83 and $489.35 from July 4 15:00 to July 5 14:00.
Strong support was observed at $481.83 with elevated volume during the 04:00 hour on July 5.
Resistance formed at $489.43, where repeated selling pressure capped gains.
From 13:06 to 14:05 UTC on July 5, BCH gained $1.20 (0.25%), briefly breaking above $483.25 on rising volume.
Support in the final minutes of the session formed between $483.35 and $483.45, with price peaking at $483.81 during the 14:03 candle.

isclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Business

Crypto Trading Firm Keyrock Buys Luxembourg’s Turing Capital in Asset Management Push

Published

11 минут ago

16 сентября, 2025

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Crypto trading firm Keyrock said it’s expanding into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager.

The deal, announced on Tuesday, marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors.

Keyrock, founded in Brussels, Belgium and best known for its work in market making, options and OTC trading, said it will fold Turing Capital’s investment strategies and Luxembourg fund management structure into its wider platform. The division will be led by Turing Capital co-founder Jorge Schnura, who joins Keyrock’s executive committee as president of the unit.

The company said the expansion will allow it to provide services across the full lifecycle of digital assets, from liquidity provision to long-term investment strategies. «In the near future, all assets will live onchain,» Schnura said, noting that the merger positions the group to capture opportunities as traditional financial products migrate to blockchain rails.

Keyrock has also applied for regulatory approval under the EU’s crypto framework MiCA through a filing with Liechtenstein’s financial regulator. If approved, the firm plans to offer portfolio management and advisory services, aiming to compete directly with traditional asset managers as well as crypto-native players.

«Today’s launch sets the stage for our longer-term ambition: bringing asset management on-chain in a way that truly meets institutional standards,» Keyrock CSO Juan David Mendieta said in a statement.

Business

Crypto Trading Firm Keyrock Buys Luxembourg’s Turing Capital in Asset Management Push

Published

11 минут ago

16 сентября, 2025

admin

Crypto trading firm Keyrock said it’s expanding into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager.

The deal, announced on Tuesday, marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors.

Business

Gemini Shares Slide 6%, Extending Post-IPO Slump to 24%

Published

20 минут ago

16 сентября, 2025

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Gemini Space Station (GEMI), the crypto exchange founded by Cameron and Tyler Winklevoss, has seen its shares tumble by more than 20% since listing on the Nasdaq last Friday.

The stock is down around 6% on Tuesday, trading at $30.42, and has dropped nearly 24% over the past week. The sharp decline follows an initial surge after the company raised $425 million in its IPO, pricing shares at $28 and valuing the firm at $3.3 billion before trading began.

On its first day, GEMI spiked to $45.89 before closing at $32 — a 14% premium to its offer price. But since hitting that high, shares have plunged more than 34%, erasing most of the early enthusiasm from public market investors.

The broader crypto equity market has remained more stable. Coinbase (COIN), the largest U.S. crypto exchange, is flat over the past week. Robinhood (HOOD), which derives part of its revenue from crypto, is down 3%. Token issuer Circle (CRCL), on the other hand, is up 13% over the same period.

Part of the pressure on Gemini’s stock may stem from its financials. The company posted a $283 million net loss in the first half of 2025, following a $159 million loss in all of 2024. Despite raising fresh capital, the numbers suggest the business is still far from turning a profit.

Compass Point analyst Ed Engel noted that GEMI is currently trading at 26 times its annualized first-half revenue. That multiple — often used to gauge whether a stock is expensive — means investors are paying 26 dollars for every dollar the company is expected to generate in sales this year. For a loss-making company in a volatile sector, that’s a steep price, and could be fueling investor skepticism.