As the cryptocurrency market endures a prolonged downturn that began last September, Bitcoin Cash (BCH) has emerged as an unexpected bright spot. In February 2026, BCH broke several key records, reinforcing the network’s resilience amid heightened uncertainty.
Why are holders choosing to stay with BCH? And how could this trend influence its price?
Average Transaction Value on the BCH Network Surges
The most striking milestone came in February, when the average transaction value on the BCH network surged past $2 million. This marks an all-time high since the network forked from Bitcoin in 2017.
For comparison, the average transaction value on the BCH network last year hovered around $20,000. The current figure represents a 100-fold increase.
Historical data shows that spikes in average transaction value have tended to precede major price rallies, as seen in 2018 and 2021. The new record suggests that large investors may be returning to the market.
Another notable record highlights BCH’s relative strength amid widespread market fear: Bitcoin Cash Dominance (BCH.D), which measures BCH’s market capitalization as a share of the total crypto market.
Data from TradingView shows that since last September, nearly $2 trillion has exited the broader crypto market. Despite this capital outflow, BCH.D has climbed steadily from 0.25% to 0.48%. This marks its highest level since April 2024.
The rise in BCH.D during a period of market-wide capital withdrawal suggests that many holders are retaining their BCH positions. This dynamic has helped the asset maintain a price level around $560 for several consecutive months.
Layla Upgrade Fuels Optimism
Why are holders accumulating and holding BCH? Expectations surrounding the upcoming Layla upgrade may provide the answer. The upgrade is scheduled to be activated in May 2026.
The Layla upgrade represents one of the most significant updates to the Bitcoin Cash network since its fork. According to BCH developer Jason Dreyzehner, the upgrade will enhance token utility, improve resistance to quantum computing threats, and strengthen privacy features.
The announcement has intensified discussions about BCH and drawn increased investor attention.
“CT starts shilling BCH. Triggers are simple, but will it work out as with ZEC, XMR, and other privacy?” investor Hexdrunker said.
A recent analysis by BeInCrypto suggests that positive sentiment surrounding the Layla upgrade could push BCH toward $650 in the near term.
Read original story Bitcoin Cash Sets Multiple Records in February Amid Extreme Market Fear by Nhat Hoang at beincrypto.com
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