ShapeShift founder Erik Voorhees recently exchanged all 4,619 ETH (approximately $13.42 million) from his wallet that had been dormant for 9 years for 24,950 BCH, becoming the focus of market attention. This move is seen as a strong bullish signal for BCH, driving BCH's short-term strength and pushing its market capitalization to the 11th position.

The community is actively discussing Voorhees' actions, with social media engagement significantly increasing to $BCH , and some traders are following suit by going long, leading to a market sentiment leaning towards FOMO. On-chain data shows a notable inflow of funds into BCH, with the 24-hour capital accumulation ranking entering the top three, intensifying short-term price and volume fluctuations.