BCH has recently exhibited an interesting phenomenon.

Looking at the data: the proportion of short positions in the entire network has reached 56.4%, with some platforms even exceeding 98%. What does this extreme one-sided sentiment typically signify in history?

Retail investors are panic shorting, but on-chain monitoring shows that spot funds are flowing in abnormally actively. Someone is taking the other side, and with significant actions. The market is always like this—when most people are on the same side, a reversal may not be far off.

From a technical perspective, if BCH can break through the previous high of $588.4 resistance level, the next point of focus might be the $615 round number. Of course, this is just an extrapolation based on the current market structure.

Is this divergence where retail investors are extremely pessimistic while institutional funds continue to flow in a trap or an opportunity?

Trading is fundamentally a game of probabilities. Extreme emotions often harbor the seeds of reversal, but timing is always the hardest part to grasp. Data can be referenced, but the market never follows a script.

What do you think will happen with this wave of BCH?