According to the analytical website Sentiment, at least 10 large holders of Bitcoin Cash cryptocurrency sold their assets after the growth of the BCH rate by 38.7%.
As early as July 17, Bitcoin Cash traded at $224, and by July 31, the rate of this cryptocurrency increased to $311. Against this background, the number of investors holding between 10,000 and 100,000 BCH on their wallets has decreased markedly.
“Sentiment data suggests that the pressure of Bitcoin Cash sellers has greatly increased. The firm reports that the number of addresses holding 10,000 to 100,000 BCH has fallen. About 10 such whales left the network, which is 5.6% of the total number of large cryptocurrency holders, “writes Ali Martinez on the social network Twitter.
Recall that Bitcoin is the fifth largest cryptocurrency, the capitalization of which is estimated at $5.6 billion. The Bitcoin Cash network hashreat is only 5% of the Bitcoin network hashreat. So many analysts call it vulnerable to an attack of 51%. At the same time, after winning the award to miners. Which took place on April 8, the hashrate of the network decreased markedly.