Bitcoin Cash (BCH) has emerged as the top-performing Layer-1 asset this year, climbing almost 40% and outpacing many major blockchains. Analyst Crypto Koryo’s data shows BCH outperforming BNB, Hyperliquid (HYPE), Tron (TRX) and XRP, while several other L1s — including Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cardano (ADA) and Polkadot (DOT) — remain deeply negative year-to-date, some down more than 50%.
Koryo points to favorable supply dynamics and new demand catalysts as drivers of BCH’s rally. Unlike many projects, BCH has no scheduled token unlocks, no foundation treasury and no venture-capital overhang, meaning the entire supply is already circulating and there’s limited near-term sell-side pressure. Koryo also noted the rally is happening despite the project lacking an official X account, underscoring the role of fundamentals in the move.
On Bitcoin, trader Michaël van de Poppe outlined a near-term bullish scenario that includes a short pullback. He said BTC could dip to roughly $87,000 ahead of the Federal Reserve meeting, sweeping recent lows before a quick rebound. If Bitcoin retests support and then closes above $92,000, van de Poppe says that could clear a path to $100,000 within one to two weeks. He flagged two invalidation points: a drop below $86,000, which might push BTC toward $80,000, or a failure to break and hold above $92,000.
Separately, technical analyst TXMC flagged a rise in Bitcoin’s “liveliness” indicator, which tracks on-chain coin movement versus holding. Liveliness tends to climb when older coins start moving and to fall when long-term holders accumulate; its recent increase, even without strong price action, suggests underlying spot demand is strengthening beneath the surface.