Are you trying to get the 'sidechain bass' sound that acts like Deadmau5 have championed? If so you won't have much luck as there's no compressor in the Virus effects. You'd be better off routing your Bass to a different audio channel in Live and slapping Live's compressor on it, sidechained to a kick track.
If that's the case there's tons of content on YouTube on how to do this. Just search 'Ableton Sidechain'.
Hope that's what you were looking for.
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