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2020-11-12

Deposit increase before Hard Fork

Bitcoin Cash (BCH) growers are struggling to get their coins to the stock exchange before the hard fork expected on November 15.

According to Chainalysis, nearly 140 million dollars have been placed on the stock exchange over the past week, which makes a total of 300 million dollars in November. Since the beginning of the month, more than 1.56 million BCH has been transferred to the stock exchange.

As a result, BCH's stock market flows over the last 12 days amounted to almost 6.4% of Bitcoin Cash's total capitalization and supply.

While some onlookers have requested significant proceeds that indicate that Bitcoin Cash owners want to sell before hard fork, Chainalysis data show that Bitcoin Cash's trading intensity has been largely constant since the end of October.

The hard fork of November 15 is expected to introduce Bitcoin Cash Node (BCHN) dominance, which is the result of escalating internal tensions within the Bitcoin Cash community during the year.