As the November 15 Bitcoin Cash (BCH) hard fork approaches, holders have deposited over $300 million worth of BCH into exchanges since early November.
Why BCH Holders Are Moving Tokens to Exchanges
- Hard Fork Preparation: Investors are transferring BCH to exchanges ahead of the contentious split between Bitcoin Cash Node (BCHN) and Bitcoin ABC.
- Exchange Inflows: Chainalysis reports nearly $140 million in BCH inflows last week alone, totaling 1.56 million BCH moved since November 1.
👉 What’s driving the BCH sell-off? Explore market trends here
Key Data Points
- The inflows represent 6.4% of BCH’s total market cap and circulating supply.
- Trading intensity has remained stable since late October, suggesting strategic positioning rather than panic selling.
Dominance of Bitcoin Cash Node (BCHN)
- BCHN controls 83.6% of recent blocks, signaling strong miner support.
- Futures markets favor BCHN: Trading at 0.96 BCH (CoinEx) vs. 0.047 BCH for BCHA.
The Hard Fork Context
The split stems from a developer funding dispute:
- Bitcoin ABC’s Proposal: 8% block reward to developers via Infrastructure Funding Plan (IFP).
- BCHN’s Opposition: Promised protocol stability without forced miner fees.
Price Performance
- BCH/USD has traded sideways since May.
- BCH/BTC hit record lows days before the fork.
FAQs
Q: Should I sell BCH before the hard fork?
A: Market dynamics suggest heightened volatility—evaluate risk tolerance and long-term holdings.
Q: Which chain will dominate post-fork?
A: BCHN leads with 83.6% hash power, making it the likely successor.
👉 Stay updated on BCH’s post-fork trajectory
Q: How does the IFP impact users?
A: The scrapped plan would have redirected miner rewards; BCHN’s win avoids this redistribution.
Analyses are for informational purposes only. Always conduct independent research.
### SEO Optimizations Applied
- **Keywords**: Bitcoin Cash (BCH), hard fork, BCHN, sell-off, exchange inflows, Infrastructure Funding Plan (IFP).
- **Structure**: Hierarchical headings, bulleted lists, and anchor texts for engagement.
- **FAQs**: Address reader intent concisely.