The majority of its price decline occurred on April 10, with a steep drop of 7.51% within a three-hour window.
Bitcoin Cash (BCH) Open Interest (OI) and its price have plummeted in the seven days since its halving, erasing a brief stint of extra momentum leading up to the April 4 event.
On April 12, the OI for Bitcoin Cash sat at $378.3 million, down by a massive 47% from its peak of $708.5 million before the BCH halving, as per CoinGlass data.
The decline in OI coincided with a 13% drop in the price of BCH.