Bitcoin Cash Outperforms Major Blockchains
Bitcoin Cash (BCH) has emerged as the top-performing Layer-1 asset of the year, with a nearly 40% increase in value. This performance has surpassed that of all other major blockchain networks.
Data shared by analyst Crypto Koryo indicates that Bitcoin Cash has outperformed assets such as BNB (BNB), Hyperliquid (HYPE), Tron (TRX), and XRP (XRP), which have experienced only modest gains. In contrast, most other Layer-1 networks, including Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT), are showing significant year-to-date losses, with several down by more than 50%.
Crypto Koryo noted that Bitcoin Cash's strong performance is notable, especially considering the project does not have an official X account. The analyst attributed this outperformance to a combination of favorable supply dynamics and new demand drivers.
From a supply perspective, BCH benefits from the absence of token unlocks, no foundation treasury, and no venture capital overhang, which collectively reduce sell-side pressure. Koryo stated, "The entire supply is circulating. No unlocks. No foundation, [no] VCs dumping."
Bitcoin Price Outlook: Potential Dip Before Reaching Six Figures
In parallel, Bitcoin may experience a short-term pullback before continuing its ascent towards the $100,000 mark, according to trader Michaël van de Poppe.
In a recent post on X, the analyst presented a bullish scenario where Bitcoin could dip to approximately $87,000 ahead of the upcoming Federal Reserve meeting. This dip would serve to sweep recent lows, setting the stage for a rapid recovery.
Van de Poppe anticipates the uptrend to resume once Bitcoin retests support and surpasses the crucial $92,000 level. A breakout above this level, he believes, could pave the way for a run towards $100,000 within one to two weeks. He attributes this outlook to a supportive macroeconomic environment, which includes reduced quantitative tightening, anticipated rate cuts, and an expanding money supply.
However, Van de Poppe identified two critical invalidation points: a drop below $86,000, which could lead to a move towards $80,000, or a failure to break and sustain above $92,000.
Bitcoin Bull Cycle Potentially Intact
Technical analyst TXMC has observed that Bitcoin's "liveliness" indicator, a long-term metric measuring on-chain coin spending against holding, is showing an upward trend. This pattern has historically been associated with bull market phases.
The analyst noted that liveliness is increasing even while prices remain relatively stable, suggesting underlying demand for spot Bitcoin that is stronger than current price action might indicate. The liveliness metric typically rises when older coins begin to move and falls when long-term holders accumulate.