DCG Founder: Market downturn can clear leverage and junk tokens, and a large-scale capital rotation is about to begin

BTC-1,88%
ETH-2,82%
SOL-3,61%
ZEC3,39%

PANews February 1 News, in response to the decline in the crypto market, DCG Founder and CEO Barry Silbert stated, “This is a blessing from the gods of cryptocurrency. Clear out leverage and junk tokens. A large-scale capital rotation is about to begin, and it’s time to choose your investment targets. My choices are BTC, ETH, SOL, ZEC, TAO, and Bittensor subnet tokens.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin’s correlation with software stocks dropped from 1.0 to 0.13; on April 6, BTC ETF net inflows were $471 million

Bitcoin is up more than 5% since February 28; it has now rebounded to $69k, while the technology software industry ETF is down more than 2% over the same period. The correlation between the two has significantly declined, and spot Bitcoin ETFs also saw a net inflow of $471 million on April 6.

GateNews16m ago

Economist Professor Issues Dire Bitcoin Warning: BTC Will Crash to Zero – Here’s His Reason

Tension returned to the crypto market after a fresh warning targeted Bitcoin, with a well-known economist arguing that the asset could eventually collapse to zero. The statement quickly drew attention because it challenges the long-standing narrative that Bitcoin remains a resilient store of

CaptainAltcoin17m ago

XRP Whales Accumulate as Ripple Executives Head to Key XRPL Event in Japan

XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.

CryptoNewsFlash27m ago

Bitcoin Enters Relief Phase of the Bear Market, Crypto Analyst Reveals Bottom Time Frame

Bitcoin enters relief phase of the bear market.  Crypto analyst reveals bottom price formation time frame.  Can the price of BTC hit one last ATH before the bottom forms? The price of Bitcoin (BTC), the pioneer crypto asset, continues to trade under the $70,000 price range and is

CryptoNewsLand1h ago
Comment
0/400
FixedVotePievip
· 02-01 03:14
2026 Go Go Go 👊
View OriginalReply0