Bitcoin Cash climbs 10% on 19 December as derivatives demand surges despite spot selling

On 19 December, Bitcoin Cash rose by about 10% in 24 hours, with derivatives activity and growing leverage driving most of the move. Open Interest in BCH perpetual futures increased to roughly $786 million, while funding rates turned positive as shorts lost around $2.54 million. At the same time, spot investors sent nearly $3.93 million in BCH to exchanges to sell, leaving the rally to confront key resistance zones near $598–$606 and around $651.