Dragonfly Partner: Market sentiment is far from reaching the level of the FTX collapse, and the fundamentals of crypto remain solid.

DeepFlowTech · 2026-02-11T03:30:34+00:00

Dragonfly Managing Partner Haseeb posted an article on the X platform rebutting industry experts' pessimistic view of the current market sentiment, calling it a "proximate cause effect." Although prices have declined, the industry fundamentals remain healthy, with positive signs such as improved global regulation and increased institutional adoption indicating that the development prospects of the crypto industry are still optimistic. Recovery will take time, but the long-term outlook remains positive.

DeepFlowTech

2026-02-11 03:30:34

Abstract generation in progress

Deep Tide TechFlow News, February 11 — Dragonfly Managing Partner Haseeb wrote on the X platform that recently, several industry insiders believe that current market sentiment is worse than during the FTX collapse. However, he explicitly refuted this, stating that this is a typical “recency effect.” The FTX collapse was the most severe systemic crisis in the industry since Mt. Gox, and at that time, the market was even worried that the crypto industry might face functional bans worldwide, with a highly uncertain future. In contrast, although prices have declined since October last year, the industry’s fundamentals remain healthy, including ongoing improvements in global regulation prospects, continuous adoption by institutions and enterprises, active prediction markets, record-high trading volume of perpetual contract DEXs, and rapid growth in stablecoin adoption. Overall, industry recovery still requires time, but the overall development outlook remains positive.

(Note: The recency effect refers to the psychological phenomenon where the most recent stimuli influence impression formation.)

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