Rostislav Totev on Bloomberg TV Bulgaria

On 03.02.2026, the founder of Altcoins.bg, Rostislav Totev, was a guest on the program “In Development” on Bloomberg TV Bulgaria, where he discussed how the current movements in the crypto market are actually sending a very clear signal about where capital is positioned and what is happening with risk appetite.

You can read the original Bloomberg TV Bulgaria article here:

- “R. Totev: Crypto is a barometer showing that the market is currently punishing risk”

Why “the market is punishing risk” – and why this shows up first in crypto

One of the most accurate frameworks Rostislav outlined during the discussion was the following:

- when the market rewards risk, capital more easily seeks dynamic assets
- when the market punishes risk, capital looks for safety and pulls back from the most volatile segments

According to him, this becomes visible first in crypto, and only later often spreads to other markets. The reason is simple: the crypto market is a “faster” mechanism for measuring sentiment and liquidity.

“Crypto is a barometer”: how to read the signal

Rostislav explained that during periods of global uncertainty, capital dislikes aggressive and unpredictable actions by major players, as these increase systemic risk. In such moments, investors begin to seek lower-risk havens, and crypto reacts first.

Quote from the interview (Bloomberg TV Bulgaria):
“That’s why I say Bitcoin and the crypto market are a barometer showing whether we are in a cycle that rewards risk or one that punishes it.”

Where capital flows when uncertainty rises

The discussion emphasized that when risk is being “punished”, movements are often seen toward assets perceived by the market as lower risk.

- focus shifts toward gold and silver
- and when a correction appears there, crypto is often among the first to react

Altcoins suffer the most (and that’s logical)

One of the most practical takeaways from the appearance was how capital moves within the crypto market itself when risk tightens:

- first, capital seeks Bitcoin as the “safer” option within crypto
- then come the large-cap altcoins (such as Ethereum and Solana)
- finally, the highest-risk tokens are left behind, including memecoins

“This is not a bug, it’s a feature”: why crypto looks “chaotic” but actually isn’t

Rostislav also articulated another key idea: crypto is not a “broken” market when it drops quickly. On the contrary, it often simply reflects earlier and more sharply what traditional markets show more slowly.

What’s the practical takeaway

If we summarize the conversation into a useful framework for anyone following the market:

- when you see strong pressure on altcoins, it is often a signal that risk is being “switched off”
- when capital rotates back toward safer assets, crypto usually reacts first
- most importantly, don’t watch only price – watch the structure: where capital is moving and why

This material is for informational purposes only and does not constitute investment advice.