Luna Collapse Amid Crypto Turmoil: Dragonfly’s Haseeb Calls the Bear Market a ‘Walk in the Park’ as Fundamentals Stay Strong

In a briefing published by COINOTAG News on November 14, Dragonfly partner Haseeb described the current bear market as the most relaxed he has seen, highlighting a cascade of high-profile collapses—Luna, 3AC, FTX, Genesis, BlockFi, Axie—as reminders of past turbulence. He argues that despite price declines, the fundamentals remain robust and day-to-day activity in the crypto market is functioning normally.

He also notes that the regulatory environment has intensified scrutiny, with leaders like Gary Gensler signaling tighter oversight while policymakers push for clearer framework. Yet the on-chain ecosystem and liquidity pathways show resilience: even amid stablecoins volatility and occasional banking stress, the market keeps operating, suggesting a distinct trajectory from prior downturns.

For readers and investors, the takeaway is to monitor fundamentals, liquidity, and macro cues. If these remain supportive, the current bear market could pave the way for steadier progress in the blockchain sector.