VirtualBacon
Crypto Investor & Educator, Macro Analysis
Hyperliquid, Zcash and NEAR would likely drop 20-30% first if bitcoin falls, and bitcoin has 10-20% downside potential. All three are strong coins, but fundamentals do not matter in that kind of sell-off. Arthur Hayes, who called them a holy trinity, picks real projects, but his timing is the issue: his last big Zcash call came near a top. x.comÂ
Low liquidity could cause sharp downside wicks in altcoins over the coming days. Uniswap at $3-6 and Zcash near $800 are levels of interest for bids. Trader_XO sees Zcash near $800, a call that holds here too; the level is expected before year-end. x.com x.com x.comÂ
Kevin Warsh's very dovish statement supports the Bitcoin pivot-low scenario and a move higher this quarter. In this favored scenario, Bitcoin makes another higher high in the $90k-$100k area, the stock market reaches new all-time highs, and altcoins follow suit. x.comÂ
HYPE, ZEC and NEAR look ready for another massive leg higher once bitcoin finds a short-term bottom, because crypto natives, institutions and disengaged retail remain underallocated to all three. x.comÂ
The current crypto-market shock was needed to form a bottom. Bitcoin will not fall below $60,000 again. x.comÂ
Crypto still has room to rise because institutional adoption is accelerating and good altcoins remain underowned globally. Traditional finance is bringing assets onchain, and progress since five years ago makes it impossible to be bearish. Bitcoin looks stronger than overstretched altcoins and has shaken off severe bad news; more chop or shakeouts could come before the market moves higher. x.comÂ
Zcash and Hyperliquid could face less selling pressure because they have newer, stronger narratives than NEAR and fewer holders waiting to sell at breakeven. Their appeal this cycle rests on narrative and hype; they look like this cycle's Ether and Solana. x.com x.com x.comÂ
Zcash's exploit shows AI has the power to wipe out many cryptocurrencies. As AI increasingly programs crypto from 2026 onward, flaws like this will be exposed, and Zcash looks unattractive after the exploit. x.com x.comÂ
Crypto's coming run will be much larger than 2020's because stock-market and gold runs into 2026 exceeded those into 2020. Bitcoin's and Ethereum's runs into 2025 also exceeded those into 2019. Macro-risk ratios across stocks, metals, oil, PMI and crypto again resemble 2016 and 2020, positioning Bitcoin, Ethereum and altcoins for a major bull run. Focus on 2027-28; the one-year median altcoin return against Bitcoin is still -17.5%. x.com x.com x.com x.com x.comÂ
Hyperliquid and Zcash are among the altcoins decoupling from bitcoin as crypto matures, so they no longer need bitcoin rising to do well. Privacy and AI coins in particular could fly even if bitcoin falls. x.comÂ
Weak liquidity and insufficient buying pressure leave altcoins vulnerable to another liquidation wave. Many sit near support while selling pressure persists, so even a small selloff could trigger liquidations; a bounce is still possible, but the bottom is not convincing yet. A further major drop would offer better entries in bitcoin, ether, Pendle and Bittensor, whose long-term potential remains intact. x.comÂ
