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TechFlow news, February 7 — Renowned crypto analyst Miles Deutscher posted on X stating that the current market downturn is more painful compared to the FTX collapse period in 2022.
He explained that during the FTX incident, people had become numb to declines and no longer held hope. But this time, the drop came while investors still expected a major altcoin rally. And losing hope, he said, is more painful than losing money.
Well-known crypto analyst Miles Deutscher posted on X, stating that the current market downturn is more painful than the FTX collapse in 2022. He explained that during the FTX incident, people had already become numb to declines and no longer held any hope. But this time, the drop came while investors were still expecting a major altcoin rally. And losing hope, he said, is more painful than losing money.
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