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….