Despite a relatively stable cryptocurrency market over the last 24 hours, Bitcoin Cash saw a dramatic decline of over 5% in just a matter of minutes. The price dropped from more than $482 to around $457, before stabilizing near $459.

BCHUSD BCHUSD March 29. Source: TradingView

This unexpected price decrease was triggered by reports of a significant sell-off by an unidentified whale, who reportedly sold over 60,000 BCH quickly, resulting in a sudden surge of selling activity.

Someone caused a drop by selling over 60,000 BCH in a short period of time. pic.twitter.com/q6j8FvUrjR — CW (@CW8900) March 29, 2026

CoinGlass data indicates that nearly $2.5 million worth of leveraged BCH positions have been liquidated within the last 24 hours, with a significant portion ($2.4 million) occurring shortly after the price dropped. It can be inferred that 10% of the total liquidations during the past four hours came from BCH’s plummet.

Additionally, most of this liquidation stemmed from a single position, which was the biggest liquidation of the day, totaling $2.15 million on Binance involving the BCH/USDT trading pair.