Over 530 Million USD of margin trading usage on BCH has been closed (866m down to 330m)
Based on Redddit user opinion It is likely that exchanges like Binance/OKX insiders traded against positions to get them margin called/stop-loss sold
Opinion from Reddit user:
It is likely that exchanges like Binance/OKX insiders traded against these positions to get them margin called/stop-loss sold. The house always wins because the game is rigged. Buy spot & self custody!
