Bitcoin Cash's rally is matched by a big jump in positioning.

Bitcoin Cash-USD open interest is up 38.54 percent in 24 hours, huge, alongside a 34.85 percent price spike. Funding rates are elevated at 8.41 percent annualized, so it's an actively traded long. The risk here is a crowded spot: if price falters above support at 355.0$, the unwind could be sharp. Overhead resistance is sitting at 365.0$.