Bitcoin Cash Outperforms on On-Chain Growth and Bullish Momentum Versus Bitcoin

Published: 2025-06-09 17:02:50 |

Bitcoin Cash (BCH) is demonstrating strong resilience and bullish momentum, distinguishing itself amid a volatile altcoin market and broader macroeconomic pressures such as renewed US-China trade tensions and rising US Treasury yields. Over the past 30 days, BCH has gained 7%, rebounding sharply from major support at $391 and closing above $418. Its on-chain transaction rate has increased to 1.4 tx/s, signaling higher adoption and liquidity. Significant trading volume and derivatives data from Coinglass show a long/short ratio of 1.24, with 55% of traders betting on price appreciation. Despite April’s largest $2 million long liquidation, market confidence has quickly returned, and BCH has set new support at $409.80. Technical indicators reflect continued upside potential, with some analysts targeting a possible 30% rally towards $547.50 if bullish momentum holds—provided BCH stays above critical support at $400. The $413-$413.5 region is viewed as a key support level for maintaining positive sentiment. News such as Disney+ partnering with Dapper Labs for Web3 digital collectibles may further bolster sentiment toward blockchain adoption. Meanwhile, Bitcoin (BTC) is working on scalability via Layer 2 solutions like Bitcoin Hyper ($HYPER), but this is not expected to impact BCH’s independent rally in the short term. Overall, BCH’s robust on-chain activity and renewed market optimism make it a leading altcoin to watch for June, though technical caution is advised if crucial support levels are lost.

Bullish

The combined news highlights mounting trading volume, increased on-chain activity, and strong market sentiment for Bitcoin Cash (BCH), indicating clear bullish momentum. BCH has rebounded from key support levels and maintains technical setups that suggest further upside. The majority of derivatives traders are betting on price appreciation, and significant buy-side activity has supported a sustained uptrend since early spring. Though technical indicators advise caution if BCH falls below critical supports, the enhanced adoption, positive derivatives positioning, and favorable macro blockchain sentiment position BCH as a leading altcoin pick for June. While broader market volatility remains a risk, short-term and possibly medium-term prospects for BCH remain optimistic based on both market structure and trader behavior.