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Dragonfly Partner: Current Market Sentiment Nowhere Near as Desperate as FTX Apocalypse, Crypto Industry Fundamentals Still Strong

2026.02.11 19:23:25

**Dragonfly Partner Haseeb’s X Post (Feb 11):** Heard plenty of folks this week saying current market sentiment is worse than back when FTX collapsed. Nah, it’s not even in the same ballpark—just classic recency bias. FTX’s collapse was crypto’s deepest despair since Mt. Gox: a true systemic meltdown. Back then, we didn’t know what else might survive—let alone if it’d trigger a de facto global crypto ban. Nobody knew when the industry might bounce back; some feared the whole space could hibernate. Bitcoin’s price has dropped since October, no doubt—that’s tough. But let’s be real: crypto’s fundamentals are totally solid. The system held up to stress; global regulation’s improving; institutional/corporate adoption keeps growing; prediction markets are unusually active; perpetual contract DEXs just hit an all-time high in volume; stablecoin adoption is exploding. It’ll take time, but we’ll be okay.
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