Bitcoin fell about 6 percent over the past 24 hours to the $66,000 range. As weakness persists below the $70,000 level, market unease is also growing. Still, some altcoins show relative strength in a volatile phase, raising talk of potential "reflective gains."

On Feb. 5 local time, blockchain media outlet BeInCrypto singled out three alternative altcoins in the event bitcoin slips below $70,000.

First, Solana-based token WhiteWhale (WHITEWHALE) rose about 17 percent over the past 7 days and showed a strong negative correlation of minus 0.67 with bitcoin. On short-term charts, an ascending channel has been observed, with resistance presented in the $0.127 to $0.143 range. An analysis said a break above that range could open room for further gains to $0.226. Support was cited at $0.098, and a drop below that level also raised the possibility of a shift to a bearish trend.

Bitcoin Cash (BCH) was also cited as a name with defensive characteristics. Even during a recent market correction, Bitcoin Cash has kept relative strength with a comparatively limited decline. A drop in movement of long-term holdings in on-chain indicators was also presented as a basis. Technically, defending $523 is key, and if it closes above $558 on a daily basis, scenarios for further gains toward the $615 and $655 areas have been mentioned. If it fails to regain $523, it could correct to $466, according to another view.

Hyperliquid (HYPE) rose about 28 percent over the past month, while bitcoin was weak over the same period, drawing attention to its negative correlation of minus 0.71 with bitcoin. Hyperliquid is seen as showing a correction phase similar to a "flag pattern" after a strong short-term rebound. The key level for a rising scenario is around $34.87, and if it moves above that price on a daily basis, target zones have been presented up to $65.70 via $38.43. If it falls below $28.21, the upward structure could weaken, and if it drops under $23.82, the bullish scenario could be invalidated.

Still, if bitcoin’s decline continues, altcoins could also turn weak in tandem. Investors need to check whether the negative correlations and chart structures hold and whether the suggested support and resistance zones remain valid. Some have also pointed out that in markets where volatility has increased, sharp short-term swings become more frequent, making trend confirmation and risk management important.