The upgrade to node v26.0.0 of Bitcoin Cash was announced in January, but traders were sceptical due to the dominance of shorts in the derivatives market. Binance had rallied support for the upgrade, but market sentiment favoured short positions, as evidenced by the funding rate. Bitcoin Cash’s outlook has shifted, with the weighted sentiment falling to -0.607 and the Market Value to Realised Value (MVRV) ratio falling to -0.413. The number of active network addresses has also expanded, with 311,000 active addresses at the time of writing. On the 15th of May, at 12:00:00 UTC, the node upgrade will be deployed on the Mainnet.
With Bitcoin Cash node upgrade nearby, gauging the impact on BCH shorts
