Warning: $BNB Quietly Underperformed BCH by +60% Over 12 Months
Bitcoin Cash is up +60% versus $BNB over the past 12 months. BCH also beat $BTC by +80% in the same period.
This is a relative strength signal that most traders are ignoring. When an asset underperforms by this margin over a full year, it reflects structural capital rotation — not just short-term noise.
BNB holds ground through Binance ecosystem demand but has not delivered price leadership this cycle. The gap is widening, not narrowing.
Verdict: Bearish. Until BNB closes the relative strength gap, the path of least resistance is down.