TechFlow News: On February 11, Haseeb, Managing Partner at Dragonfly, published a post on X stating that several industry insiders recently claimed current market sentiment is worse than during the FTX collapse. He explicitly refuted this view, calling it a classic case of the “recency effect.” The FTX collapse was the industry’s most severe systemic crisis since Mt. Gox; at the time, the market even feared functional bans on the crypto industry across the globe, and the sector’s future was highly uncertain. In contrast, although prices have declined since October last year, the industry’s fundamentals remain healthy—global regulatory outlook continues to improve, institutional and corporate adoption keeps advancing, prediction markets are active, perpetual contract DEX trading volume has hit an all-time high, and stablecoin adoption has entered a phase of rapid growth. Overall, while the industry still requires time to recover, its long-term outlook remains positive.
(Note: The recency effect refers to the psychological phenomenon where the most recently encountered stimulus disproportionately influences impression formation.)
