VirtualBacon

VirtualBacon
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Daily crypto market analysis and Bitcoin insights. VirtualBacon breaks down macro trends, on-chain signals, regulatory shifts, and key price levels so you can navigate bull and bear markets with clarity. New episodes every weekday.

  1. 18h ago

    Bitcoin Shook Everyone Out at $76K: New Altcoin Trades I'm Taking

    Bitcoin tagged the 50 week simple moving average near $75,600 last night as Democrats won the House and Senate, then pumped this morning, and I didn't see that pump coming. I still give it about 80% that the low is in, and a weekly close above $80,160 would take that to 85 to 90%. The new signal I'm watching is the daily: it shouldn't wick below $75,000 from here. Then my altcoin trades: NEAR ecosystem bets like Aurora, a tiny Lighter long, Nest Exchange ahead of the Elysium launch on November 9th, and Quadrillion on Canton, where I'm up about $5,000 on $15K. Chapters: (00:00) Welcome back: happy about this pump or sidelined? (01:27) Today: the 76K bear trap and my altcoin trades (04:02) 76K was the level: if it goes there, you buy (05:45) Democrats retake the House and Senate (09:46) What would change my read: watch the daily candle (19:03) Five red weeks in a row? The $80,160 weekly close I want (21:35) Do crashes come after the midterms or before? (30:13) Zcash NU7 is a day away, NEAR and Zcash still lead (32:14) NEAR ecosystem bets: Aurora, down from 10 cents (35:15) Perps are the new narrative: the CFTC loves Hyperliquid (37:18) Citadel and CBOE sue, and my tiny Lighter long (38:19) Hyperliquid is too expensive at a $25B market cap (39:50) Elysium, the new Hyperliquid L2, launches November 9th (41:51) Nest Exchange, a Hyperliquid builder I backed on Echo (45:24) The CFTC names Canton a digital commodity (47:55) Supernova, the first launchpad on Canton, went live yesterday (49:57) Yuval Rooz of Digital Asset quote tweets Supernova (54:30) My Quadrillion position: $15K in, up about $5,000 (59:17) Is this the start of a strong Q4? (1:03:58) Is 67K expected? No, it's the unexpected case (1:06:00) DeFi: I borrow on Aave, but farming isn't worth it (1:11:03) If oil keeps dropping, does Bitcoin keep its momentum? (1:16:08) Do Democrats change crypto rules? It's been bipartisan (1:19:48) When does TOTAL3 break out? After Bitcoin clears 87K (1:23:58) Democrats aren't pro crypto? What actually got done (1:28:33) Wrap: I want a weekly close above 80,200

  2. 1d ago

    Midterm Elections Today: What Happens to Bitcoin?

    Election Day, and the betting markets give Democrats a 95% chance in the House and 77% in the Senate. I think most of that is priced in, so only a Republican surprise really moves Bitcoin, and my baseline is more chop this week. I think $76,000 holds at the 50 week simple moving average, around $75,500, with about a 20% chance we see $66,000. Binance says 98% of the affected assets from the hack are already replenished, and Apple dragged the Nasdaq lower after earnings. I also walk through two trades I am building on GMGN perps: a NEAR long between $3.20 and $3.60, and Lighter near $2.30. Chapters: (00:00) Intro (01:09) Election Day and Today's Plan (04:04) Binance Hack Recovery Update (11:04) Apple Drop Drags the Nasdaq (13:34) Why Rotating Into AI Now Is Backwards (15:19) Midterm Odds for the House and Senate (16:04) How to Track the Results Tonight (17:14) Can an Election Pump or Crash Bitcoin (19:04) Only a Republican Surprise Moves Bitcoin (21:14) My Baseline Is More Chop This Week (22:44) Past Midterm Crashes in 2018 and 2022 (24:14) The Next Eight Weekly Candles (28:39) Is This Time Different (32:54) A Buying Opportunity at the 50 Week Average (36:09) Building a NEAR Long Position (39:59) GMGN Trading Campaign Prizes (43:04) Lighter as the Main Hyperliquid Competitor (46:04) Lighter Is Filing for a CFTC License (48:54) Targeting a Lighter Entry at 2.30 (53:14) My TAO DCA Range From 170 to 250 (57:19) Alts Move Once Bitcoin Clears 87K (1:01:59) Doge Over Floki for a Meme Play (1:04:59) Rotating Alts Into Bitcoin Every Quarter (1:05:49) Wrap Up

  3. 2d ago

    Midterms Week After the Binance Hack: Can Bitcoin Hold $78K?

    Midterm elections week starts with Bitcoin around $78,000. The odds now give Democrats a 73% chance of sweeping the House and Senate, and for stocks that history is fine: in the last 19 midterm years the S&P 500 averaged a 14.4% gain over the following year. The $40,000 Bitcoin targets come from copying the 2014 and 2018 drawdowns onto this cycle, and I don't see it. My balance is 80% that $76,000 holds on the weekly close and 20% that we dip to $66,000, which would still not be a new low. And the Binance hack is not FTX: Binance is covering users with its own money, so there is no bank run. Chapters: (00:00) Intro: midterm elections week starts (01:07) Agenda: Binance hack, midterms, Bitcoin at $78K (03:14) Can Bitcoin still drop to $40K? (06:40) Google's worst weekend gap down, Apple next (08:58) Gold breaks $4,000, then rebounds (11:38) Iran headlines vs oil: Brent $115 and $95 (17:02) Midterms odds: 73% chance of a Democratic sweep (18:40) Why crypto policy won't change either way (20:13) S&P 500 after midterms: 14.4% average gain (21:37) Bitcoin after the 2014, 2018 and 2022 midterms (26:38) Why I don't see $40K: matured cycles, no 600-day bear market (32:24) FTX collapse vs Binance hack: the 2022 parallel (41:07) Where the $66K target comes from: retrofitting the FTX drawdown (44:36) Balance of probabilities: 80% hold $76K, 20% hit $66K (46:24) Last month of the bear or first month of the bull? (55:06) TLDR: hold, DCA through November (57:40) Q&A: could Binance withdrawals become a black swan? (1:00:18) Why the hack hurts confidence less than FTX: no bank run (1:05:35) Bull narrative vs bearish targets: who is manipulating whom? (1:15:11) Long now, or wait for a level? (1:20:53) What if Republicans win the midterms? (1:23:34) Moving alts into Bitcoin: wait for $87K (1:26:34) XRP Ledger USDC mint bug: can stablecoins break? (1:29:56) Wrap-up: election day stream tomorrow

  4. 5d ago

    Binance Hack Shakes Bitcoin. Am I Buying the $76,000 Dip?

    Binance lost $6.3 billion yesterday in the largest single theft by dollar amount on record, and it came from a compromised signing key, not the exchange's trading system. About $3 billion has already been frozen by Tether, Circle and other issuers, roughly $2.4 billion is still in the hacker's hands across native BTC, ETH, XRP, TRX and SOL, and Binance has about $1 billion in its SAFU fund, so it needs to cover around $2 billion itself. Ranked by share of supply and daily volume, Tron carries the most overhang risk and Bitcoin the least, while the token alts that were dumped already sold off yesterday. My Bitcoin plan hasn't changed: $76,000 to $78,000 is the bull market support band and I'm buying it, with a weekly close below $75,000 as the line that proves me wrong. The hack moves my confidence from 90/10 to about 80/20, not to the other side. We also covered the power struggle between Binance, Hyperliquid and Wall Street, why I think Bitcoin wins it no matter who comes out on top, and my updated ranges for ETH, SOL and XRP. Chapters: (00:00) Binance hack: the biggest theft on record (02:14) The four-year cycle and black swans (08:01) $76K vs $75K: why the gap doesn't matter (09:41) What actually happened at Binance (13:06) A key compromise, not an exchange failure (15:27) The money math: $6.3B stolen, $3B frozen (17:48) The alts that were already dumped (20:47) Binance buying back the stolen alts (22:19) $2.4B still at large: ranking the five coins (27:27) Can Binance cover it? SAFU fund and revenue (31:29) Q&A: will frozen funds get sold later? (32:46) Yes, I'm buying Bitcoin here (34:12) What if Binance is insolvent? (37:10) Same levels since November (39:15) Bitcoin levels: the bull market support band (44:04) My confidence: from 90/10 to 80/20 (45:11) Alts after the hack: ETH buy zone (48:09) Solana and XRP: lower ranges (50:52) The alts the hack didn't touch, and BNB (52:27) Q&A: am I addicted to crypto? (55:04) The timing: Binance, Hyperliquid and ICE (1:00:49) Elon, CZ and the power struggle (1:04:50) Why I'd rather have Binance than Wall Street (1:06:15) Whoever wins, Bitcoin wins (1:10:25) Q&A: are we headed to $70K? (1:12:28) Tron: I don't have a read (1:14:30) Ethereum in the power struggle (1:18:42) ETH vs ICP: the odds of going to zero (1:22:27) Are alts near a bottom? The FTX parallel (1:25:48) Small portfolio: Bitcoin or ETH? (1:27:36) Hardware wallet supply-chain attacks (1:30:30) Security is the whole game now (1:33:53) Exchanges vs self-custody (1:38:32) My scenario into the midterms (1:40:10) Thanks for joining

  5. 6d ago

    Fed Holds Rates. How Many More Rate Hikes Are Coming?

    The Fed held rates yesterday, and the December hike is already priced in at roughly 77% to 80% odds across CME FedWatch and the prediction markets. The real question is how many more hikes come next year, and right now that is close to a coin flip between one and two, with March the most likely month for the first. Kevin Warsh gave no forward guidance and didn't address the 0.3% revision to the PCE math, while headline PCE went from 3.4% back up to 3.6% anyway. The one chart to watch is oil: a breakout above $115 toward $120 means a faster Fed and headwinds for Bitcoin, a drop below $95 gives it room to climb past $87,000. My levels haven't changed: I still see $76,000 to $78,000 as the buying zone, and only a weekly close below $75,000 changes that. Plus Google gapping down after earnings, Hyperliquid's news with ICE and Trade XYZ, and when I'd rotate alts back into Bitcoin. Chapters: (00:00) Fed held yesterday: today's plan (04:41) Google gaps down after earnings (07:11) Google vs the hyperscalers (14:44) FOMC: no rate hike yesterday (16:16) Next FOMC in December: a hike (20:17) How the Fed looks at inflation (22:20) Core PCE calculation changed (24:21) Headline PCE is still increasing (27:55) Clip: getting inflation down (29:58) GDP beats at 3.4%, oil too high (32:00) Clip: price stability not achieved yet (36:03) Clip: the vote split and a family fight (39:35) Clip: no forward guidance on more hikes (42:37) The PCE revision nobody mentioned (46:09) Prediction markets: how many hikes in 2027 (47:46) CME FedWatch: 72% odds of a March hike (52:18) What the hike path means for Bitcoin (53:48) Oil at $115: the one chart to watch (56:49) Bitcoin at the bull market support band (59:51) Gold, the dollar and the 2-year yield (1:03:55) My Bitcoin levels: 76K to 78K buy zone (1:05:26) Q&A: is this a good point to DCA? (1:08:02) How much Bitcoin I'll sell, and Cardano (1:09:32) Midterms: what a Democrat win means (1:11:03) HYPE up on ICE and Trade XYZ (1:15:38) Fetch with Google and Meta: not a partnership (1:18:42) ICP, Akash on Solana, Near vs Render (1:23:31) Taking profit between 90K and 100K (1:30:37) Buying at 60K on February 6th (1:35:42) Holding only Bitcoin and Ethereum (1:39:14) No certainty, only a range (1:42:47) Thanks for joining, see you tomorrow

  6. Oct 28

    Injective: The Place to Trade Any Asset You Can Name | Eric Chen Interview

    Injective co-founder and CEO Eric Chen wants Injective to be the place to trade any asset you can name: stocks, commodities, forex and crypto, from the biggest names to the most niche, on one chain. His goal: if you can find it on TradingView, you can trade it on Injective. Eric co-founded Injective in 2018. It started as a research paper on front-running, grew into order book infrastructure and then its own layer 1 built for finance, and today runs EVM and Cosmos apps on one shared balance. We sat down at Token2049 Singapore to talk about what Injective is building this cycle and how he got here. WHAT WE GET INTO ▸ Why 24/7 stock trading isn't a moat if Nasdaq simply keeps its servers on ▸ The RWA roadmap: from 200 markets toward 500, with capacity for about 2,000 ▸ How one balance across EVM and Cosmos removes bridging and gas tokens ▸ Why Injective first presented itself as a layer 2, even though it's a layer 1 ▸ Agent payments, x402, and paying for an AI model in two seconds ▸ Mining crypto in a college dorm, and building when MEV was worth about $100K a year Recorded 8 October 2026 at Token2049 Singapore. Follow Eric on X: https://x.com/ericinjective Injective: https://injective.com Thumbnail photo of Eric Chen: Wikimedia Commons (Eric_Chen_Full_Body_Portrait_4.png), CC BY 4.0, https://creativecommons.org/licenses/by/4.0/ Chapters 0:00 Eric Chen and the original vision for Injective 2:58 One balance across EVM and Cosmos, no bridging 7:58 Why Injective first pitched itself as a layer 2 9:17 This cycle: bringing every asset on-chain 10:44 Why 24/7 stock trading isn't a moat 12:28 From 200 markets toward 2,000, and Injective Mint 14:33 Agent payments, x402 and paying in two seconds 17:23 From a high school summer camp to a dorm-room mining rig 21:07 The research paper that became Injective, and early DeFi Follow VirtualBacon on X: https://x.com/virtualbacon Telegram, the daily market briefing: https://t.me/virtualbacon The Coiners trading dashboard and community: https://thecoiners.io The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

  7. Oct 27

    The Bitcoin Capitulation and Next Rally Up

    People on the timeline are capitulating on Bitcoin again, and I think this is the worst time in the last 12 months to do it. If the bears are right they protect very little from here, and if they're wrong they miss a lot of upside. The level I care about is a weekly close below $75,000, not a wick under $77,000 or $76,000, and I'm a buyer into this capitulation in the $76,000 to $78,000 zone. The options market agrees: traders are paying up for puts into the November 6 expiry, the midterms week, but they only hedge down to about $75,200. Plus Ethereum catching a Glamsterdam bug just in time, Ripple's US national trust bank, Anthropic filing for an IPO at a $1.5 to $2 trillion valuation, and why Jason Calacanis telling people to sell Bitcoin for Bittensor reminds me of his June 2023 call. Chapters: (00:00) Why capitulating now is the worst time (04:12) Ethereum catches a Glamsterdam bug in time (05:15) Ripple gets its US national trust bank (07:14) Anthropic files for an IPO (09:47) Trading Anthropic pre-IPO on Hyperliquid (21:00) Why Fetch and Render haven't pumped yet (26:38) Crypto is not about technology (30:19) The bears are out in full force (31:29) The one level that matters: $75K on a weekly close (38:43) The bear trap below $75K (41:16) Jason Calacanis: sell Bitcoin, buy Bittensor (45:54) Why I'm a buyer into the capitulation (46:26) What the Bitcoin options market says (50:43) Heavier puts into the November 6 expiry (55:14) Midterms week: hedges only go down to $75K (1:00:01) Altcoins already look cheap, no leverage (1:01:12) Q&A: $70K in November, $65K in December? (1:05:22) Q&A: my QTC position (1:10:34) Q&A: 0G Labs and decentralized inference (1:14:21) Q&A: still bullish on the coins I covered? (1:17:43) Q&A: which narrative runs the most this cycle (1:20:55) Thanks for joining, live Monday to Friday

  8. Oct 26

    The Crypto Dip Is Finally Here: $78,000, 1 Week Before Midterms

    Bitcoin dipped below $80,000 this weekend and the timeline started to panic. I see it as the best dip-buying opportunity since the summer. The $76,000 to $78,000 zone is the bull market support band, the 50-week SMA sits around $75,700, and my line in the sand is a weekly close below $75,000, not a wick. The midterms are November 3, and the last three midterm months were choppy, but Bitcoin is far bigger now than it was in 2014 or 2018, so I don't see a 20% drop from here. I also went through the altcoins sitting in my buy zones right now: Ethereum, XRP, Doge, Bittensor and Zcash, plus where I stand on Solana and Hyperliquid. Chapters: (00:00) The crypto dip is finally here, and what I'm doing (03:01) Is it the right time to buy altcoins? (04:25) FOMC this week: a pause is priced in (05:47) Earnings week: Robinhood, Coinbase, Strategy, Galaxy (07:42) Robinhood's seven new assets (10:13) Zcash: the fight over staking (16:21) Why 79K is not a level (17:47) XRP: Franklin Templeton and Ripple Swell (20:30) BNB Chain's new high-speed layer one (26:37) Q&A: Arthur Hayes selling his alts (28:34) Bitcoin around the midterm elections (34:46) The midterm playbook and my Bitcoin buy zone (39:19) Wait for the midterms before calling the bottom? (41:04) Stop-losses: a wick versus a weekly close (44:59) Altcoin buy zones: ETH, XRP, Doge, Bittensor (50:34) Zcash, NEAR and what I hold (1:00:15) Solana and Hyperliquid levels (1:03:20) Why I'm confident buying this dip (1:06:37) Four rules of thumb for picking altcoins (1:10:19) Q&A: Derive, and Bitcoin versus altcoin allocation (1:14:39) Why altcoins haven't panicked yet (1:18:13) Higher lows and the next leg up (1:21:32) BTC going lower? I'm a buyer

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About

Daily crypto market analysis and Bitcoin insights. VirtualBacon breaks down macro trends, on-chain signals, regulatory shifts, and key price levels so you can navigate bull and bear markets with clarity. New episodes every weekday.

Information

  • Creator
    VirtualBacon
  • Years Active
    2022 - 2026
  • Episodes
    105
  • Rating
    Explicit
  • Copyright
    © VirtualBacon
  • Show Website
    VirtualBacon

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