Market Sentiment vs. Reality: Why This Isn’t Another FTX Moment
$BTC is down (-2.24%), and recent price weakness has triggered comparisons to the FTX collapse. But according to Dragonfly partner Haseeb, today’s market conditions are nowhere near the systemic despair seen during that period. What we’re witnessing now appears closer to recency bias than structural breakdown.
◻️ Then vs. Now
FTX was an industry-wide shock. It raised existential questions about survival, regulation, and whether crypto could recover at all. Liquidity evaporated, trust collapsed, and systemic contagion dominated headlines.
Today, despite price pressure since October, the infrastructure remains intact. Exchanges are functioning, liquidity is present, and capital continues to circulate across ecosystems.
◻️ Fundamentals Remain Strong
Regulatory clarity is gradually improving in multiple jurisdictions. Institutional and corporate adoption continues progressing. Perpetual DEX volumes just reached record highs, prediction markets are highly active, and stablecoin usage is expanding rapidly — all signs of structural growth beneath surface volatility.
◻️ Market Cycle Reality
Price drawdowns test conviction, but they don’t automatically signal systemic failure. The current environment reflects a cyclical slowdown, not collapse.
Short-term sentiment may be fragile, but long-term industry fundamentals appear resilient.
#BTC #CryptoMarkets #ArifAlpha
