Bitcoin has weakened nearly 7% in the last 24 hours and is now moving closer to the crucial level of US$70,000, a psychological level that could deepen fear in the cryptocurrency market overall if it is successfully breached downward. As traders prepare for the potential of further declines, attention is starting to shift to certain altcoins that stand to benefit—namely assets that could remain resilient if Bitcoin falls below US$70,000.
Although most tokens tend to decline alongside BTC during major sell-off waves, BeInCrypto analysts have identified three crypto assets that show a strong negative correlation, healthier chart structures, and improving capital flows. These signals indicate that all three could potentially outperform the market as pressure increases, thus opening opportunities even in a risk-off environment.
The White Whale (WHITEWHALE)
The White Whale (WHITEWHALE) is starting to emerge as one of the few altcoins that could benefit if Bitcoin falls below US$70,000. This is thanks to the increasing independence of this project from the general market trend. While most tokens follow the weakening movement of Bitcoin, WHITEWHALE based on Solana remains resilient.
WHITEWHALE has risen nearly 17% in the last seven days and surged almost 20% in the last 24 hours. This relative strength indicates that traders may be shifting to this token even though overall market conditions remain weak.
In the last week, The White Whale recorded a strong negative correlation of -0.67 with Bitcoin. This means that this token often moves in the opposite direction. The release of this relationship is very important in a low-risk environment.
If Bitcoin falls below US$70,000, assets with low or even negative correlation tend to attract speculative capital. This makes WHITEWHALE one of the altcoins that could benefit from such movements. At the same time, this token is moving in a rising channel pattern on the 4-hour chart—which is bullish.
From a technical perspective, resistance is at the US$0.127 and US$0.143 area. If the movement can hold above this zone, a breakout will be confirmed and open up the potential for an increase to US$0.226, which means there is potential for almost 58% increase and the price could enter the price discovery phase. On the downside, the nearest support is at US$0.098, with a deeper invalidation level below US$0.087. If the price breaks below these levels, the bullish pattern will weaken and the price is at risk of continuing to correct to the US$0.070 area.
Overall, the negative correlation of The White Whale, strong short-term performance, and bullish chart structure make it worth considering as a high-risk, high-reward candidate if Bitcoin experiences a deeper correction.
Bitcoin Cash (BCH)
Bitcoin Cash now appears as one of the altcoins that could benefit if Bitcoin falls below US$70,000. BCH shows resilience amidst broader market weakness. While the crypto asset market has dropped nearly 7% in recent sessions, BCH has only dropped just over 1%, indicating early signs of strength. Over the last three months, BCH has also risen nearly 8%, making it one of the large-cap altcoins that can still grow in the medium term.
On-chain data supports this survival scenario. The Spent Coins Age Band method, which monitors how much old coins are moving, shows a sharp decline in activity.
Since early February, this figure has dropped from around 18,900 coins to around 8,278, a decline of nearly 56% in just a few days. This indicates that fewer BCH that were held long-term are being sold into the market despite price pressure. If coins remain inactive amid pressure, this usually indicates growing holder confidence.
Read Also: Entering the Danger Phase, Will Bitcoin Repeat 2018 History to US$35,000?
At the same time, the Chaikin Money Flow (CMF) indicator, which measures whether large capital is flowing into or out of an asset based on price and volume, has consistently risen between January 29 and February 5. The CMF returned to, and even briefly exceeded, the zero line, indicating that large buyers are quietly adding exposure even though market sentiment remains weak.
From a technical perspective, BCH must hold above US$523 to remain in this structure. If the daily closing price is above US$558, the bullish opportunity strengthens and opens the way to US$615 and US$655, even up to US$707 if market conditions improve further.
However, if it fails to reclaim the US$523 level, the price could experience a deeper correction towards US$466.
Hyperliquid (HYPE)
The native token of Hyperliquid, HYPE, stands out as one of the altcoins that could benefit if Bitcoin falls below US$70,000. This is especially because HYPE moves in the opposite direction to BTC. Over the last month, the price of HYPE has risen nearly 28%, while Bitcoin has actually fallen about 24%.
During the same period, the correlation of HYPE with BTC showed a figure of -0.71, indicating a strong inverse relationship. This means that when Bitcoin weakens, HYPE has recently tended to rise. This makes HYPE an option for traders looking for relative strength amidst market pressure.
Read Also: Bhutan Sells Bitcoin US$22.4 Million as Portfolio Drops 70%+
The price chart of HYPE also reinforces this directional divergence. After a rally close to the US$38.43 zone previously, HYPE entered a consolidation phase that is now forming a bullish flag-and-pole pattern. Such structures typically emerge when an asset pauses after a strong rally before attempting to rise again. If the upper trend line is breached, this pattern indicates a potential increase of about 87%.
Capital flow data also still supports it. The Chaikin Money Flow (CMF) remains positive, indicating that large buyers are still active. However, the CMF is moving below the downward trend line, meaning a stronger money flow is still needed to ensure a new flag breakout.
For bullish confirmation, HYPE must close the daily price above US$34.87 cleanly. If this level is surpassed, the opportunity to reach US$38.43 will open first, and if momentum increases, there is potential to rise to the US$65.70 zone. On the other hand, weakness below US$28.21 will damage the current pattern, while a drop below US$23.82 will invalidate its bullish structure.
If Bitcoin falls below US$70,000 and HYPE maintains a negative correlation, strong structure, and support in capital flow, this asset will become one of the altcoins that could benefit from market pressure, not the other way around.
What do you think about the analysis and potential altcoins that could benefit if Bitcoin falls below US$70,000 above? Come on, share your thoughts in our Telegram group. Don't forget to follow the Instagram and Twitter accounts of BeInCrypto Indonesia, so you stay updated with the latest information in the crypto world!