BCH Price Action and Market Cap Shift Following Stellar Upgrade
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Stellar (XLM) has overtaken Bitcoin Cash (BCH) in market capitalization, moving to the 16th position with a value of $7.55 billion while BCH dropped to 18th at $6.61 billion. This shift follows a 3.7% daily gain for XLM, which has risen nearly 14% over the week and 23% over the month. Trading volume for XLM surged 69% to approximately $520 million during the last session.
The rally began on September 16 from a low of $0.172, coinciding with the mainnet launch of the Adapter upgrade, known as Protocol 28. This update introduced faster consensus, atomic contract updates, and safer data migration. Block closing time decreased from 5.7 to 5 seconds, with throughput increasing between 10% and 15%.
A peak of 216.1 TPS was recorded across 100 consecutive blocks. Meanwhile, BCH halted its climb after CME Group announced BCH futures launching on October 19. These futures had previously pushed BCH from $213 to $365 between September 16 and 23. Currently, BCH is retreating to $331.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 25 September 2026. Not the outlet's figures.
BCH is trading at $338.90 with a 24-hour buy ratio of 53.5%, indicating that buyers are slightly more active than sellers over the full day. The 1-hour buy ratio stands at 52.3% and the 4-hour ratio at 52.1%, showing that buying pressure remains consistent across shorter timeframes rather than fading. Volume delta data supports this steady interest, with a positive +$2,903,913 recorded over the last 24 hours. The cumulative volume delta (CVD) closed at +$1,692,275, confirming that net buying has outweighed selling pressure. This activity occurred across 313,634 trades with a total spot volume of $40,731,044. Net buying was observed for 16 out of the 24 hours in the session.
The latest daily buy ratio of 54.1% sits at the 75th percentile of the last 322 days, against a median of 50.8% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BCH, averaged over the days leading up to the story.
Over the preceding week, BCH experienced a substantial price increase of 44.9% over eight days. The 7-day average buy ratio was 51.5%, which is lower than the current 24-hour ratio of 53.5%, suggesting a slight intensification of buying pressure today compared to the weekly norm. Volume activity today is measured at 0.93x the weekly average, indicating that trading volume is slightly below the typical weekly level. Net buying occurred on 5 of the 7 days in the preceding week. The total volume delta for the 8-day period was +$8,834,977, reflecting sustained accumulation over that timeframe.