BlockBeats News, February 11 — Dragonfly Managing Partner Haseeb posted on X stating, "I’ve heard many people say this week that the current market sentiment is worse than during the FTX collapse. No, it’s not even on the same level. This is just a typical case of ‘recency bias.’
The FTX collapse was an unprecedented despair abyss for the entire industry since Mt. Gox, a true systemic failure. At that time, we didn’t even know what could survive, let alone whether this would lead to a de facto ban of the crypto industry worldwide. No one knew when the industry might recover, and some even feared the entire sector might be forced into ‘hibernation.’
Bitcoin’s price has fallen since October, which is indeed tough. But in reality, the fundamentals of the crypto industry look completely fine. The system has withstood the test. The global regulatory environment is clearly improving, institutional and corporate adoption continues to advance, market activity remains unusually high, perpetual contract DEX just hit a record high trading volume, and stablecoin adoption is in a explosive growth phase. It takes time. But we will be okay."
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 Dominance Weakens As Ethereum Gains Momentum, Analysts Say
Michaël van de Poppe’s latest tweet has reignited a familiar debate in crypto markets: is the era now more favorable to Ethereum than to Bitcoin? The Dutch analyst warned that “the BTC dominance seems to be breaking down. It’s making a lower high, and therefore, a continuation of this trend is
BlockChainReporter16m ago
Data: If BTC breaks through $70,148, the total liquidation strength of short positions on mainstream CEXs will reach $1.213 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $70,148, the total liquidation strength of long positions on major CEXs will reach $1.213 billion. Conversely, if BTC drops below $64,016, the total liquidation strength of short positions on major CEXs will reach $964 million.
GateNewsBot20m ago
BTC drops below 67,000 USDT
Gate News bot message, Gate market display, BTC drops below 67,000 USDT, current price 66,993.9 USDT.
CryptoRadar31m ago
Bitcoin ETFs See $105M Outflows as Mystery IBIT Buyer Emerges
_US spot Bitcoin ETFs saw $104.9M in outflows as a Hong Kong firm disclosed a $436.2M IBIT purchase in Q4 filings._
US spot Bitcoin exchange-traded funds recorded $104.9 million in net outflows on Tuesday, even as new regulatory filings revealed a large and previously unknown buyer of
LiveBTCNews1h ago
Bitcoin Just Printed 5 Red Months In a Row – Here’s What BTC Did Last Time This Happened
Bitcoin price has been going down for a long time, dragging the general crypto market with it. The decline began after BTC reached a new all-time high of $126,000 in October 2025.
Since that peak, the asset has dropped close to 50% and now trades near $67,000 at the time of writing. Market
CaptainAltcoin1h ago
