Bitcoin Cash traders woke up to red candles today $BCH dropped over 10% in a day, and $1.65 million in long positions got wiped out as leveraged bulls were caught off guard. Volume more than
Bitcoin Cash traders woke up to red candles today $BCH dropped over 10% in a day, and $1.65 million in long positions got wiped out as leveraged bulls were caught off guard.
Volume more than doubled as sellers took control, but the bigger uptrend structure on the chart is still standing.
This Bitcoin Cash price prediction looks at what's really behind today's drop and whether it changes the bigger picture.
Market data was checked on September 11, 2026, at 04:12 UTC-3.
Metric
Value
Price
$226.70
24h Change
-10%
Market Cap
$4.55B
FDV
$4.76B
24h Volume
$379M+ (up 175.24%)
Vol/Mkt Cap (24h)
8.29%
Total Supply
20.08M BCH
Max Supply
21M BCH
Circulating Supply
20.08M BCH
Holders
38.04K
Source: Data from CoinMarketCap as of September 11, 2026, at 04:12 UTC-3. Figures may vary slightly across other tracking websites.
Liquidations (Futures)
Window
Total
Long
Short
12h
$119.55K
$117.34K
$2.21K
24h
$1.65M
$1.62M
$30.46K
Nearly all of today's liquidations came from longs, over 98% of the 24h total, confirming the drop caught leveraged bulls off guard rather than being driven by short-side pressure.
Source: Data From CoinGlass
Futures Volume by Exchange: Binance ($166.03M), OKX ($64.58M), LBank ($60.41M), Bybit ($32.68M), BingX ($29.16M), Bitget ($16.11M), Gate ($12.77M), KuCoin ($9.25M), Bitunix ($9.06M), MEXC ($10.17M).
Pair: BCH/USD · Market: Spot (Crypto) · Exchange: OANDA · Timeframe: 1D · Source: TradingView · Timestamp: September 11, 2026, 04:12 UTC-3
BCH is trading at $226.70, after a sharp pullback from the early September highs near $261.
Despite today's drop, the price is still holding inside a broader rising channel that has been intact since late May, with today's low testing the lower boundary of that structure.
RSI sits at 43.67, cooling off from a recent high of 56.59 but still in neutral territory rather than oversold.
Level Type
Price
Resistance 3
$300.52
Resistance 2
$261.15
Immediate Price Reference
$226.70
First Confirmed Support
$220.40
Deeper Support
$200.20
Structural Floor
$180.68
Bull case: $BCH is still holding above the rising channel's lower boundary near $220.40, and RSI at 43.67 leaves room for a bounce before any oversold signal kicks in.
Reclaiming the EMA cluster near $242.51 to $243.27 would put the recent highs at $261.15 back in play, with $300.52 as the bigger target if momentum returns.
Bear case: A close below $220.40 would break the rising channel structure and shift the picture from a pullback to a trend change.
Losing $200.20 would expose the deeper structural floor at $180.68, erasing most of the gains built since late August.
Scenario
Level
What It Means
Bullish trigger
Hold above $220.40
Channel structure stays intact
Bullish confirmation
Reclaim $243.27
Opens path back to $261.15
Bearish trigger
Close below $220.40
Channel support breaks
Bearish confirmation
Break $200.20
Exposes $180.68
$300.52 is the highest resistance level on the chart.
Getting there would require BCH to first hold $220.40, reclaim the EMA cluster near $242.51 to $243.27, then clear $261.15, a multi-stage recovery rather than a quick move, and one that today's liquidation-driven drop has made less likely in the short term.
According to CoinGabbar analysts, Today's drop looks like a leverage flush rather than a structural breakdown, with longs taking nearly all the liquidation damage while the broader rising channel stays intact.
The $220.40 zone is the level to watch; holding it keeps the uptrend story alive, while losing it would be the first real sign of trouble.
Disclaimer
BCH just saw one of its sharper single-day drops in weeks, driven largely by leveraged long liquidations. Nothing here is financial advice, just a read of the data at the time of writing, so do your own research before acting on any of these levels.
