BCH Price Action History Driven by Smart Money Tra

BCH Price Action History Driven by Smart Money Transaction Volume (2017-2025)

The history of BCH price USD movements shows a strong correlation with daily transaction volume, highlighting the presence of “smart money” participation. 

In the run-up of late 2017, the Bitcoin cash price increased over 1100% (from $350 to $4,300) despite daily transactions remaining under 110,000. but, the subsequent 2018 crash from the $4,300 ATH to $400 saw daily transactions skyrocket to 2 million, confirming a massive, swift sell-off by large holders.Similarly the smart money activity was seen in 2021 also when transactions increased from daily average but unlike 2017’s rise, the opposite behavior characterized the 2021 recovery. As the price climbed from $450 to $1,597 between February and April, transaction volume held consistently high, fluctuating between 300,000 and 400,000 per day. 

However, this time this buying enthusiasm was followed by a prolonged, 24-month slow bear market from May 2021 to May 2023. During this severe sell-off, transactions plunged from 300,000 to below 15,000 daily, capping BCH recovery attempts and driving the price below $150.

Therefater, since June 2023, the market has seen a notable shift. Daily transactions began increasing abruptly, oscillating between 100,000 and 400,000 through October 2024, mirroring the price recovery attempt toward 689. This fluctuation confirms that large market players are responsible for high-volume swings in transactions, and their absence results in flat activity.