The broader crypto market has been in a downtrend since the fourth quarter of 2025, a trend that has extended to today, with Bitcoin (BTC) trading around $67,000, below its yearly open.
Bitcoin Cash (BCH) follows a similar but harsher narrative. The asset not only printed a new low; it has returned to its 2025 low as bears take full control. At press time, BCH was closer to its all-time low than any possible path to its all-time high.
BCH ends multi-year support!
The bears tightened their grip as BCH fell below the multi-year support of $271 that had kept the asset intact and forced rebounds on several occasions.
The price has since surpassed its 2025 low of $249.4 as selling pressure engulfs the market. Data at press time shows volume up 114% to $513 million, with the volume profile indicating sellers dominate for three days.
A candle near the 2025 low would structurally weaken BCH and increase the likelihood of a deeper fall. The nearest target is at the 2024 low at $209.9, and further selling could push the price further towards the $139.3 support zone.
A bounce off the 2025 low it just hit is historically plausible, whether it’s the start of a reversal or a lower high before further decline.
Is BCH selling pressure increasing?
The momentum indicators that follow this decline have returned to the bearish reading, including the Aroon indicator.
The tool uses two lines to assess the trend of an asset, the Aroon Up (orange) and the Aroon Down (blue). The Aroon Up above the Aroon Down indicates an uptrend; the opposite indicates a downtrend, with the gap between them measuring the strength of each.
At the time of writing, the chart showed a classic bearish pattern, with the Aroon Down at 100.00% and the Aroon Up at 0%.
The accumulation/distribution trend completed the picture by tracking the volume distributed in the market over time. Notably, the data estimates the total distribution volume at 8.76 million BCH.
However, distribution has not fallen as sharply as prices over the same period. This divergence, if it persists, would increase the likelihood of a rebound to the current level.
Large Holders Lead BCH Selloff
The delta trading between whales and retailers, which helps determine whether large holders or small retail traders are more active, shows that whales are leading the charge.
Whale activity peaked on June 2, outpacing retail throughout the period. As long as the delta remains in the whale zone, large holders remain the dominant force behind the sales.
A cross towards the red side of the graph would indicate that retail trade has completely taken over sales.
Final summary
- Bitcoin Cash fell below its multi-year support of $271 and surpassed its 2025 low of $249.4, opening the door to the 2024 low of $209.9 as bears take full control.
- The Aroon indicator shows a classic bearish setup with a full 100% gap, while the whale and retail delta indicates that large holders are behind the selling.
