Check the $BCH chip distribution. Over 95% of the chips are in the hands of whales. Unless the whales start selling off, this retail investor capital has no impact on the market. The biggest whale in BCH is Bitmain. Bitmain's new S23 series mining machines will begin shipping in mid-January this year, with the peak delivery period concentrated from January to March. Therefore, following Bitmain's usual pattern of selling mining machines, BCH is unlikely to experience a dump before March.