it is because mostly "Institutions" still Holds BCH since when they received it from the Fork back in 2017.
much popular and adopted in Both US and China... so, even though it is down -90% from 2021 ATH it do good in bull run.
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I've got BCH from hardfork before and even bought some, but it's been a long time since I sold them all.
I wasn't around back then.
Though I still hold BCH from 2021 highs lol.
One of mistake for not selling em.
I wasn't sure it would survive that long so I sold it but I don't regret it because I bought Bitcoin with what I sold.