Bitcoin Cash (BCH) experienced a significant decline, dropping 12.55% to $363.75 in the past 24 hours, marking it as one of the top losers in the crypto market. This sharp fall was accompanied by a 92% surge in trading volume, reaching $435 million, indicating heightened market activity as traders reacted to the downturn. Data from Nansen revealed that major BCH holders, or 'whales', reduced their holdings by 61.92%, contributing to the bearish sentiment. Additionally, $985,000 worth of BCH flowed into exchanges, suggesting potential further selling pressure. The BCH Long/Short Ratio fell to 0.7886, highlighting a market dominated by short positions. The loss of the $380 support level, which BCH had maintained since May 2025, has intensified the bearish outlook. If BCH remains below this level, it could potentially drop another 15% towards $305. However, the Average Directional Index at 18.64 indicates weak directional strength, suggesting the downtrend may lack momentum. The future movement of BCH will likely depend on whether whales continue to sell or if buyers can defend the $305 support.