Bitcoin Cash (BCH) is trading with stability today, holding onto gains achieved in recent weeks following its network halving event. The reduction in block rewards initially caused volatility in miner participation, but the hashrate has since stabilized, reassuring investors of the network's security. BCH continues to position itself as a peer-to-peer electronic cash system, with low fees making it attractive for everyday transactions. The market price is currently consolidating above a key support level, digesting the recent upward moves before deciding on the next direction. Open interest in BCH futures has leveled off, indicating a reduction in speculative excess. This creates a healthier environment for organic price growth driven by adoption rather than leverage. Several merchants and payment processors have reaffirmed support for BCH, keeping the utility narrative alive. Traders are watching the correlation between BCH and BTC; typically, BCH amplifies Bitcoin's moves, so any bullishness in the market leader could trigger an outsized rally in Bitcoin Cash. Conversely, a drop in Bitcoin could see BCH retest lower liquidity zones.