Bitcoin Cash becomes the best-performing L1 of the year after rising nearly 40%

Bitcoin Cash (BCH) stands out as the best-performing Layer-1 asset this year, recording a nearly 40% increase and far outpacing other major blockchain networks.

According to new data analyzed by Crypto Koryo, Bitcoin Cash (BCH) has surpassed competitors such as BNB (BNB), Hyperliquid (HYPE), Tron (TRX), and XRP (XRP), which have only seen modest growth. Meanwhile, most other Layer-1 projects like Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) are deep in the red, with some down more than 50% since the start of the year.

Koryo emphasized that Bitcoin Cash’s impressive performance is even more notable considering the project does not have an official account on the X platform. He believes this outperformance stems from a favorable combination of supply dynamics and new demand catalysts.

On the supply side, BCH has no token unlocks, no institutional reserve fund, and no selling pressure from venture capital funds, thereby significantly reducing market sell pressure. “The entire supply is in circulation—no unlocks, no reserve fund, no VCs dumping,” Koryo noted.

Bitcoin may correct to $87,000 before rebounding to $100,000

On the other hand, trader Michaël van de Poppe predicts that Bitcoin may undergo a short-term correction before resuming its upward momentum toward the six-figure mark.

In a post on X on Sunday, he outlined an optimistic scenario in which BTC could drop to around $87,000 ahead of next week’s Federal Reserve meeting, sweeping recent lows before bouncing back sharply.

Van de Poppe expects the upward trend to resume as Bitcoin tests support levels and breaks through the key $92,000 threshold. According to him, if successful, Bitcoin could reach $100,000 within just one to two weeks. He links this outlook to a favorable macro backdrop, including reduced quantitative tightening, potential interest rate cuts, and an expanding money supply.

However, he also notes two points to watch: if Bitcoin loses the $86,000 level, the price could drop further to $80,000; or if it fails to break and sustain above $92,000, the bullish scenario will be invalidated.

Bitcoin’s bull cycle may still be maintained

According to a report from Cointelegraph, technical analyst TXMC stated that Bitcoin’s “liveliness” index—a long-term measure of on-chain coin consumption activity versus holding—is trending upwards again. This is a signal that typically appears during strong bull market phases.

TXMC noted that liveliness is increasing even while Bitcoin’s price remains relatively stable, suggesting that real demand for spot Bitcoin remains robust compared to current price action. This index usually rises when older coins begin to move and decreases when long-term holders continue to accumulate.

Ông Giáo