Key notes
- BCH rejected resistance to $ 590 despite a wider market rally.
- TETHER to end the use of the USDT on Bitcoin Cash Network by September 1, 2025.
- The size of whale transactions dropped 72% in a week, reporting risk aversion.
Bitcoin Cash fell 3% on Sunday, August 10, going to $ 561 before setting up a partial recovery at $ 579 per press time. Rejection indicates that BCH failed to recover the $ 600 and hit monthly peaks, similar to Ethereum, Solana and Bitcoin markets in recent sessions. Market reports show three key factors behind BCH’s volatile prices trajectory.
First of all, After an announcement in JulyThe largest stablecoin transmitter in the world, Tether is due to the management of the USDT for the Bitcoin cash network in just 20 days, alongside other low -use blockchains such as Omni Layer, Kusama, EOS and Algorand. The speal, scheduled for September 1, 2025, will see the remaining fried tokens and the strike strike.
The release of the liquidity of $ 156 billion in the USDT could weaken the role of BCH in the colonies of Stablecoin, limiting chain demand. Chain data trends suggest that business investors already take a cautious position.
Bitcoin average transaction size | Intotheblock, August 9, 2025
The second challenge lies in the recent dynamics of whale transactions on the Bitcoin cash network.
As the graph above shows, the average size of BCH transactions dropped 72% in last week, from $ 74,035 on August 4 to $ 20,591 on August 9, according to Intotheblock Data. Such a clear drop suggests that major holders actively reduce exposure, which can avoid the rising risks of the imminent exit from Tether. In cryptographic markets, the reduction in whale activity can dilute liquidity and amplify volatility during a turbulent market.
Finally, the 24 -hour BCH trading volume has dropped sharply following its intraday rejection at $ 590, according to CoinmarketCap. This drop in turnover indicates active profits, where traders leave positions on rashes, further strengthening short -term sales pressure.
BCH price forecasts: break of $ 600 or decline at $ 550?
From a technical point of view, BCH remains capped by the resistance zone from $ 590 to $ 600, coinciding with the upper Bollinger strip on the daily graphic. A successful breakthrough greater than $ 600, supported by a strong volume, could erase the path to $ 620 and potentially $ 650. However, the RSI is currently nearly 57 years, which suggests that the market has room to move before hitting the exaggerated territory.
In the downstream scenario, the lack of $ 590 could trigger a holder of the Mid-Bollinger support nearly $ 558, with a deeper slide targeting the band less than $ 509. Ventilation here could accelerate losses to the support area of $ 480, especially if USDT’s acquisitions reduce liquidity faster than expected.
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Ibrahim Ajibade is a seasoned research analyst with training by supporting various web3 and financial organizations. He obtained his undergraduate diploma in economics and is currently studying for a master’s degree in blockchain and distributed major book technologies at the University of Malta.
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