VirtualBacon

Trade Altcoins, Stack Bitcoin.

[VirtualBacon @virtualbacon]

I'm a Crypto angel investor since 2017 having invested in 100+ startups. Many failures, few unicorns.

Follow me for👇
Narratives and Guides: https://t.co/9MAlHGP5fj
Trading Alpha: https://t.co/e2ht5WRfyq
Community: https://t.co/7SUf5bPnN0

[VirtualBacon @virtualbacon]

@makaaarov1 yeah, ownership is the real story here. 4.5% of supply parked in a non-forced-seller is a permanent float cut. doesn't move price today, changes what the next move looks like

[VirtualBacon @virtualbacon]

tom lee's bitmine now holds 4.49% of all ETH, about 5.4 million coins, and it bought every one with equity. zero debt, spot owned, no margin or converts or collateral to call. nothing in the structure forces them to sell. it's a permanent bid only bitmine can ever unwind.

[VirtualBacon @virtualbacon]

@yasu0x1 ha yeah, it sat there four years waiting for a reviewer that could actually read it

[VirtualBacon @virtualbacon]

a bug that could have minted unlimited, undetectable counterfeit zcash sat in orchard for four years. every human review missed it. an AI found it in hours. the privacy coin built to keep watchers out just got saved by one.

[VirtualBacon @virtualbacon]

@Vozi33CZ fair point. the turnstile proves the total cap held, not that the pool itself is clean. thats the privacy tradeoff, the opacity that hides you is the same thing nobody can audit

[VirtualBacon @virtualbacon]

@Celesweb3 ha yeah, worshipping the wick is just ego dressed up as strategy. nobody actually catches it, they just want the screenshot. scaling is boring and thats exactly why it works

[VirtualBacon @virtualbacon]

i am starting my btc buy program here in the 60s, not waiting for a 55 print that may never come. id rather be wrong by 5 percent on my entry than miss the whole bottom holding out for a number. action over precision.

[VirtualBacon @virtualbacon]

tether launched a visa card that pays up to 6% cashback in gold. not points, actual tokenized gold, settled to your wallet in real time, spare change auto-swept into more.

stablecoins were step one. this is step two, aimed at people who never wanted crypto, just a better dollar.

[VirtualBacon @virtualbacon]

@0xweb3wendy1 decoupling read is right. the alts-print-next part i'd push back on though. out of a btc bear it's btc that reclaims first, the alts that ran during the bear usually keep bleeding

[VirtualBacon @virtualbacon]

Bitcoin near four month lows under 63k while the S&P 500 closes at record highs is the kind of split that makes people ask if crypto is broken. It is not broken. It is doing the most ordinary thing it does. I want to walk through the actual history, because the data is cleaner than the panic suggests.

Since 2014, bitcoin has finished a calendar year worse than the S&P 500 exactly three times: 2014, 2018, and 2022. Each of those was a bear year where stocks held up or kept climbing while crypto bled. And in every single one of those three cases, bitcoin outperformed the S&P the very next year, and it was not close.

2014: bitcoin lagged the index by about 70 percentage points. 2015: it beat it by about 35. 2018: it lagged by 69. 2019: it led by 61. 2022: it lagged by 46. 2023: it led by 129. Three setups, three rebounds, no exceptions on the list. That is the base rate people are arguing against right now when they say the decoupling means the cycle is over.

Here is the part that matters more than the rebound itself. The catch-up is not caused by the stock rally. In 2015, stocks went up and bitcoin went down for most of the year, and the correlation between them was deeply negative. The S&P being strong did not lift bitcoin. Bitcoin found its own bottom on its own clock, and then ran. The stock tape was noise the entire way down.

So when you see headlines about AI stocks at records while bitcoin sits at a four month low, the read is not "stocks are leading and crypto will follow next week." The read is "these two assets are on different clocks right now, and bitcoin's clock is the four year halving cycle, not the Nasdaq." Whatever the S&P does over the next month or two is close to irrelevant for where bitcoin bottoms.

The honest version of this includes the uncomfortable part. The lag has historically resolved the next year, but "next year" is a wide window, and the bottom forming process is slow and miserable to sit through. The bear clock for this cycle points to late 2026, not June. Cheap and bottom are two different things. Price can keep grinding lower even when the multi year setup is clearly in your favor.

None of this is a buy signal for any single day. It is a frame. The decoupling is not the thing that breaks the thesis. Historically, it is the thing that comes right before the thesis pays off. The trick is having the patience to still be holding when the clock finally catches up.

[VirtualBacon @virtualbacon]

@paulhendriks16 yeah and thats exactly why cheap needs a level attached. 'feels cheap' is emotion. 'cheap vs the 200 week line' is something you can act on without the feeling

[VirtualBacon @virtualbacon]

nobody actually wants to buy when it is cheap. cheap only happens when everything feels bad, your bag is down and every other asset is ripping. thats not a glitch in the plan, that IS the plan.

[VirtualBacon @virtualbacon]

Top Altcoins to Buy at the Bottom of This Bear Market https://t.co/amTyf3UFCs

[VirtualBacon @virtualbacon]

dow closed at a record yesterday and most of crypto twitter missed it.

money did not leave this week, it rotated. out of AI and chips, into healthcare and banks. broadcom fell 12% and analysts raised targets anyway.

nobody is derisking, just reaching for what has not run yet.

[VirtualBacon @virtualbacon]

@fintechfrank canton?

[VirtualBacon @virtualbacon]

@Mariobrothers78 cheap and bottom are two different things. cheap is where the long term odds tilt your way. bottom is the exact low nobody nails. you can buy cheap and still see lower for a bit

[VirtualBacon @virtualbacon]

we finally tagged it. btc wicked to 61,350 today, right into the 200 week line that called the 2015, 2018 and 2022 bottoms. third touch since february. not a bottom call, just the zone every cycle has gotten cheap at.

[VirtualBacon @virtualbacon]

anthropic put out a paper today: over 80% of the code they now merge is written by claude, up from low single digits 16 months ago.

same paper, they argue the world should keep the option to pause frontier AI.

the company building it is the one asking for a brake.

[VirtualBacon @virtualbacon]

@Ginox_Official yeah exactly. a zone you can act in beats a single number you wait for. the people who miss it are the ones holding out for 3k lower than wherever it actually turns

[VirtualBacon @virtualbacon]

☕️ GM! Here are the most important market events over the last 24 hours:

🌍Market Overview:

🔸 The Dow closed at a record 51,561.93, up 1.73%, as capital rotated out of AI chips into healthcare and financials. A Broadcom miss sent AVGO down 12.6% and pulled the Nasdaq to -0.09%; the S&P added 0.41%.

🔸 Anthropic published an essay calling for the option to slow or pause frontier AI, warning of recursive self-improvement risk as Claude takes over more of the company's own coding work. #AI

🔸 Data-center developer Switch is in talks to raise billions at a $50B-plus valuation, with Brookfield and KKR circling and Goldman and JPMorgan advising. The round could tee up an IPO as soon as next year.

🔸 CrowdStrike beat Q1 estimates with $1.39B rev and $1.10 EPS, raising fiscal 2027 guidance. CRWD is still down ~16% YTD as investors fear AI tools like Claude Code could disrupt cybersecurity. #CRWD

🔸 House lawmakers Lori Trahan and Jay Obernolte released a draft bill barring states from regulating how AI models are built for three years, while forcing frontier labs to open models to audits.

🔸 May payrolls jumped 172K, more than double the 80K Dow Jones estimate, with April revised up to 179K. The unemployment rate held at 4.3%, taking June FOMC cuts further off the table.

🪙Crypto Updates:

🔸 Bitcoin crashed below $62,000 to $61,655, its lowest since February and over 50% under the October peak, in a leverage flush that wiped out roughly $1.8B and 272,000 traders. Longs took $1.57B of the hit. #Bitcoin

🔸 Zcash disclosed an Orchard bug that could have minted undetectable counterfeit ZEC in its shielded pool. An emergency NU6.2 hard fork closed the flaw with no sign of mainnet exploit; ZEC dropped sharply. #ZEC

🔸 Tether and Fasset launched the first gold-backed Visa card, paying up to 6% cashback in XAUT and sweeping spare change into gold. Tether is committing $1M in XAUT to rewards as tokenized gold tops $5.3B.

🔸 Tom Lee Bitmine is racing to own 5% of all Ethereum, already holding 5.42M ETH (~4.5% of supply). It filed a $300M, 9.50% preferred raise to buy more, with dividends funded by ETH staking income. #ETH

🔸 Mastercard turned on 24/7 stablecoin settlement across eight chains including Solana, Ethereum and the XRP Ledger, supporting USDC, RLUSD, PYUSD and three others. Early adopters include Cross River and Nuvei.

🔸 The SEC published its draft 2026-2030 strategic plan, naming digital-asset regulatory clarity its first objective. Chair Atkins framed enforcement as deterrence and pledged to fix SEC-CFTC overlap.

[VirtualBacon @virtualbacon]

bitcoin futures leverage right before this drop was back at its pre-10/10 peak. october 10 was the worst liquidation event crypto has ever had. 272,000 traders just got the reminder.

[VirtualBacon @virtualbacon]

@KobeissiLetter it changes the way it always has. btc has finished a year worse than the s&p only 3 times, 2014 18 22, and beat it the next year all three. different clocks, not a broken thesis

[VirtualBacon @virtualbacon]

@saylor yeah, rotation not impairment. the real price damage is the leverage flush, not the etf outflows. longs were ~88% of yesterdays 1.8b liquidation, forced selling not holders