Bitcoin Cash (BCH) has surged to a seven-month high of $519, reflecting a 15% increase in just one week and a remarkable 29% gain over the past month. This rally is largely attributed to significant activity from 'whales'—large holders in the market—rather than retail traders. Analysts note that the average transaction size for Bitcoin Cash rose dramatically from $10,000 in April to $75,000 by late June. Despite this upward trend, the current momentum may be faltering, as whale activity has dropped almost 90%. Russell Shor, a senior market analyst, pointed to a resurgence of risk appetite amid shifting market conditions favoring institutional buying and bullish technical indicators. If the current trend persists, BCH could test the $600 mark, but analysts advise caution due to possible market fluctuations and regulatory uncertainties ahead. They suggest monitoring the $460-$470 range to assess the rally's sustainability.

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