Bitcoin Cash Rallies by About 12% on Treasury Deal and Futures News
- Bitcoin Cash rises as new buying and wider futures access draw steady trader activity.
- mF International’s $500M BCH purchase plan lifts Bitcoin Cash by about 12 percent.
- Long-term technical signals show firm BCH strength even as major assets continue to slip.
Bitcoin Cash has unexpectedly become one of the busiest coins on the market in the past week after breaking away from the widespread pullback that dragged most large-cap assets lower. Instead of following the broader decline, BCH climbed more than 12% over the past seven days.
Bitcoin declined 10% and Ethereum retreated 11%. XRP, Solana, and Dogecoin each faced losses as sellers kept pressure on the large-cap sector. BCH, by comparison, held firm and moved higher on a mix of corporate news, market structure changes, and improving long-term charts.
Core Factors Driving the BCH Price Surge
A Corporate Treasury Plan Pulls BCH Back Into Focus
The first spark came from Hong Kong, where mF International disclosed plans to buy $500 million worth of Bitcoin Cash as part of a new digital treasury program. The announcement, tied to a private placement worth the same amount, immediately lifted BCH by about 10% in a single session.
According to the company’s filing, the PIPE involves 50 million Class A shares and pre-funded warrants priced at $10 each. The proceeds are earmarked mainly for the acquisition of BCH and the build-out of the firm’s treasury operations. The transaction is expected to close around December 1.
Even though the market is still watching for follow-through from the company, the size of the planned purchase was enough to quickly reshape sentiment around BCH. Large treasury allocations reduce available supply and often attract attention from traders who track capital flows closely.
Coinbase Adds a Second Tailwind With 24/7 Futures Trading
Another important development arrived when Coinbase confirmed that futures tied to BCH will begin trading around the clock starting December 5. The expansion includes several major altcoins such as Avalanche, Cardano, Chainlink, Hedera, Litecoin, Polkadot, Stellar, Shiba Inu, and SUI.
Coinbase already runs 24/7 markets for Bitcoin, Ethereum, Solana, and XRP, but the new rollout widens access to a broader group of assets. The exchange also intends to introduce U.S. perpetual-style futures for the same set of tokens, structured with funding-rate mechanisms while settling on five-year expiries.
This shift strengthens liquidity and provides more tools for traders who rely on hedging instruments. For BCH, the inclusion comes at a moment when interest is rising, giving both retail and institutional participants an easier way to maintain exposure.
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What’s Next: A Multi-Year Base Builds a Technical Foundation
While news headlines drove the immediate surge, BCH’s longer-term chart adds another layer to the story. The monthly timeframe shows rounded bottoms that have been forming since 2021. Price repeatedly tested a broad support zone between $97 and $204 over several years, creating a base that gradually stabilized the asset.
The recent move above the 20-month and 50-month moving averages suggests that BCH has been shifting out of a long contraction phase. The next major resistance sits near $735, a level that rejected breakouts in both 2021 and 2024. A monthly close above that line would confirm a complete reversal pattern with a measured range extending toward the $1,350 area.
Additionally, the monthly RSI remains at 58, indicating room for continuation while avoiding signs of excessive momentum.
For now, BCH’s rise stands on three clear pillars: a sizeable treasury commitment, broader futures access, and a long-term chart pattern that has finally begun to play out. In a market that spent the week under pressure, these factors were enough to pull Bitcoin Cash back into the conversation.
