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1.5M Bitcoin Cash deposited on exchanges as fork looms

Bitcoin Cash (BCH) hodlers are scrambling to get their coins onto exchanges ahead of the hard fork expected for Nov. 15.

According to Chainalysis, nearly $140 million worth of BCH has flowed onto exchanges in just the past week, bringing November’s total up to $300 million. Since the start of the month, more than 1.56 million BCH has been moved onto exchanges.

As such, BCH in-flows to exchanges for the past 12 days have equated to nearly 6.4% of Bitcoin Cash’s entire capitalization and supply.

While some onlookers have inferred the sizable in-flows to indicate Bitcoin Cash holders are looking to sell before the fork, Chainalysis’ data shows Bitcoin Cash’s trade intensity has largely been flat from late-October onwards. Read from source….