According to WhaleStats, Bitcoin Cash (BCH), a fork of Bitcoin, is seeing sudden whale interest. BCH is among the top 10 assets in terms of trading volume among the 100 largest BSC whales in the last 24 hours.

The reason for the sudden interest in the asset is unknown, but the easiest logic is that whales typically use bearish periods to accumulate tokens cheaply.

Santiment's MVRV shows the emotional mood surrounding an asset at any given time and subtracts the probability of future price action based on probability. “Neutral” refers to mean MVRV deviations falling between -50% and +50%; this means they are less than half the "zone of opportunity" or "zone of danger". Negative MVRV assets in the “opportunity zone” are undervalued, while those with high MVRV values ​​in the “danger zone” are overvalued. A recent Santiment analysis shows that 30-day trading returns for most assets, including BCH, continue to point to mid-term losses for the average portfolio. The further an asset's MVRV moves into negative territory, the lower the risk for further downside.

At the time of writing, BCH is down 1.8% in the last 24 hours to trade at $113.9. While sharing a significant 93% positive correlation with BTC, Bitcoin Cash (BCH) was hit by the overall market downturn. At current prices, Bitcoin Cash is down 97.35% from its all-time high of $4,355 reached on December 20, 2017, making it the 29th largest cryptocurrency by market cap.

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BCH Twiti by Roger Ver

BCH advocate Roger Ver tweeted about buying BTC:

   "Buying #BTC isn't like buying shares in the early internet, it's like buying shares in #myspace on the early internet."

One Twitter user replied, “So what is buying BCash compared to then? What shares?" she asked. Roger Ver earned the nickname “Bitcoin Jesus” in its early days for promoting the world's largest cryptocurrency, Bitcoin. He has invested in several Bitcoin-related start-ups and has become one of the most vocal advocates of Bitcoin Cash.