According to Cas Abbé, crypto investors have endured Mt. Gox’s collapse, China’s 2017 ICO ban, 2019 mining ban, and 2021 full ban, the COVID day when BTC fell ~50%, US–China trade war dumps, five years of India ban headlines, the LUNA/UST $60B wipeout, 3AC’s collapse, the bankruptcies of Voyager, BlockFi, and Celsius, and FTX’s implosion that cut the market in half, plus regulators’ danger narratives, 15+ SEC ETF delays, lawsuits against Binance and Coinbase, Fed tightening and QT, whales dumping 400,000+ BTC, the largest liquidation event in crypto history, energy-waste claims, repeated ‘BTC to zero’ calls, MSCI-driven fear, bearish JPMorgan notes, over-optimistic cycle-top targets ($68K → $95K → $100K), and 70–90% altcoin drawdowns (source: Cas Abbé on X, Nov 29, 2025). Abbé concludes Bitcoin remains near six figures and stronger than these crises, implying that after surviving such volatility, selling BTC below $100,000 forfeits the payoff (source: Cas Abbé on X, Nov 29, 2025).

According to @HenriArslanian, Christina R. Rolle, Executive Director of the Securities Commission of The Bahamas, gives the first public behind-the-scenes account of the FTX collapse in an exclusive episode of The Future of Crypto Compliance podcast. Source: @HenriArslanian. According to @HenriArslanian, the interview addresses SBF’s conduct during the collapse, how assets were seized in The Bahamas, and whether the Bahamian insolvency catalyzed the U.S. insolvency. Source: @HenriArslanian. According to @HenriArslanian, the full interview is available on YouTube, Spotify, and Apple Podcasts, and is produced with ACX Compliance. Source: @HenriArslanian. According to @HenriArslanian, this marks the first public commentary from the Bahamian regulator on these topics, providing direct detail on enforcement actions and cross-border insolvency processes linked to FTX. Source: @HenriArslanian.

According to @caprioleio, 165,000 BTC were withdrawn from Coinbase over the weekend and the cause has not been disclosed (source: @caprioleio). According to @caprioleio, the last comparable plunge in Coinbase Bitcoin balances occurred just after the FTX collapse, when BTC traded near 16,000 dollars (source: @caprioleio). Large net outflows reduce on-exchange balances and reflect coins moving to self-custody, a dynamic that has been documented to coincide with tighter immediate spot liquidity on exchanges (sources: Glassnode; Kaiko Research). Kaiko Research has reported that thinner order book depth increases price impact per trade, which traders may consider when assessing short-term BTC volatility following major exchange outflows (source: Kaiko Research).

According to @CryptoMichNL, market fear is currently greater than during the FTX collapse, implying extreme sentiment conditions for BTC. Source: @CryptoMichNL on X, Nov 22, 2025. He states that the latest move marked the low and calls to buy the dip in BTC now, effectively making a bottom call. Source: @CryptoMichNL on X, Nov 22, 2025. This post constitutes a bullish, contrarian BTC buy-the-dip signal based on his assessment of sentiment versus the FTX episode. Source: @CryptoMichNL on X, Nov 22, 2025.

According to @HenriArslanian, this month marks three years since the FTX collapse, and he shared Sam Bankman-Fried’s final public interview before the failure, recorded on stage in Hong Kong, with precise timestamps for trader review (source: Henri Arslanian on X, Nov 15, 2025; source: YouTube interview youtu.be/J1I09qsDR5Y). The clip highlights SBF’s five-year outlook for FTX at 27:00 and his view on the biggest competitor at 29:00, providing on-record management claims immediately before insolvency that traders can benchmark against centralized exchange risk assumptions (source: Henri Arslanian on X; source: YouTube timestamps). At 31:00, SBF names the Solana team as the crypto CEO he admired most, a segment relevant to participants monitoring SOL-related historical context (source: Henri Arslanian on X; source: YouTube timestamp). Additional timestamps include potential political ambitions at 32:00, most interesting person met at 32:30, alternative industry at 33:00, advice to Elon Musk at 34:00, and choice of co-founder at 35:15, which collectively document leadership mindset immediately prior to the collapse for due diligence purposes (source: Henri Arslanian on X; source: YouTube interview).

According to @BitMEXResearch, FTX, as a leveraged exchange, was supposed to match assets exactly to customer liabilities and not rely on a pooled set of high-risk assets to cover those liabilities. Source: @BitMEXResearch post on X dated Oct 15, 2025. This view aligns with the U.S. CFTC’s 2022 complaint alleging FTX and Alameda misappropriated customer funds and failed to segregate client assets, undermining one-to-one backing of liabilities. Source: U.S. Commodity Futures Trading Commission, complaint filed Dec 13, 2022 (CFTC v. Samuel Bankman-Fried, FTX Trading Ltd., Alameda Research LLC). FTX Debtors’ Second Interim Report documented commingling and deficient records that left assets short of customer liabilities during the bankruptcy process. Source: FTX Debtors Second Interim Report by John J. Ray III, April 9, 2023. For trading, the clarification underscores that exchange counterparty risk can reprice quickly via wider basis and negative perpetual funding; in November 2022, BTC and ETH perps saw sharply negative funding and fragmented liquidity as exchange-risk perceptions surged after FTX’s collapse. Source: Kaiko research on post-FTX market structure and funding dynamics, November 2022. Traders can reduce exposure by prioritizing venues with independently verified proof of reserves plus liabilities, strict client asset segregation, and limited related-party exposures, which are core recommendations in global policy guidance. Source: IOSCO Final Report on Policy Recommendations for Crypto-Asset Service Providers, November 2023.

According to @MilkRoadDaily, during the collapse of FTX, @Nsantoma at Binance observed market panic and proposed implementing proof of reserves as a solution to restore user confidence. Binance CEO CZ adopted this proposal and tweeted about it within minutes, establishing proof of reserves as an industry-wide standard that other exchanges quickly followed. This move directly influenced market sentiment for major cryptocurrencies like BTC and ETH, reinforcing the importance of transparency and risk management in crypto trading, as per the source.

According to Milk Road, following the FTX collapse, Binance team member @Nsantoma witnessed widespread panic and promptly suggested implementing proof of reserves to restore trust. Binance CEO CZ publicly endorsed this proposal within minutes, prompting a rapid industry-wide shift towards greater transparency and reserve verification, now considered essential for trading confidence and risk management across major crypto exchanges (source: Milk Road).

According to @MilkRoadDaily, Nick Santoaro was at Binance during the FTX collapse and immediately proposed implementing proof of reserves as a way to restore market trust. Minutes later, Binance CEO Changpeng Zhao announced this initiative on Twitter, prompting rapid industry-wide adoption of proof of reserves. This transparency measure became a new standard for centralized exchanges, directly impacting trading sentiment and increasing institutional and retail confidence in major cryptocurrencies like BTC and ETH (source: @MilkRoadDaily).

According to Miles Deutscher, retail participation in the cryptocurrency market is currently at its lowest level in years, driven by significant losses during the 2021 market downturn and further exacerbated by events such as the UST and FTX collapses. Recent sharp declines in meme tokens and speculative projects in late 2024 have also deterred retail traders, leading to reduced liquidity and lower volatility in the crypto market. This trend suggests institutional dominance is increasing, which can result in less price support and higher risk for retail entrants (source: Miles Deutscher on Twitter, June 9, 2025).

According to Miles Deutscher (@milesdeutscher), some of the most significant negative events in cryptocurrency history include the collapse of Mt. Gox, the FTX bankruptcy, the LUNA and UST stablecoin failure, and the insolvencies of 3AC, Celsius, Voyager, BlockFi, as well as the recent Pump Fun and Bitconnect incidents (source: Twitter, June 4, 2025). Each of these events led to substantial market volatility, loss of trader confidence, heightened regulatory scrutiny, and liquidity issues across digital asset platforms. For active traders, understanding the historic impact of these crises is critical for risk management, anticipating market reactions to similar news, and identifying periods of extreme price dislocation and recovery opportunities.

According to Charles Edwards (@caprioleio), Ethereum (ETH) has recently experienced a full capitulation event on par with the market reaction during the FTX fraud collapse, signaling a potential bottoming process. Edwards notes that ETH is now breaking out of its value zone, indicating renewed bullish momentum and presenting trading opportunities for investors seeking to capitalize on a reversal. This development is significant for crypto traders as historical capitulation events often precede major price recoveries, providing both short-term and swing trading setups. Source: Twitter (@caprioleio, May 22, 2025).

According to Crypto Rover (@rovercrc), the current market fear has exceeded levels seen during the FTX collapse. This heightened fear comes in the wake of the US president's announcement regarding the establishment of a strategic Bitcoin reserve, marking a significant and unprecedented event in the cryptocurrency market.

According to Crypto Rover, Bitcoin is currently more oversold than it was during the FTX collapse when Bitcoin's price was $16,000. This suggests potential for a significant price correction or rebound. Traders are advised to monitor oversold indicators closely as they may signal a buying opportunity.

According to Crypto Rover, the Bitcoin Fear & Greed Index is currently lower than during the FTX collapse, suggesting heightened market fear. Traders might see this as a potential buying opportunity, as historically, lower index levels have preceded market rebounds. However, investors should remain cautious and consider broader market conditions.

According to Crypto Rover, the Bitcoin Fear & Greed Index has fallen to levels lower than those observed during the FTX collapse. This indicates heightened market anxiety and potential for increased volatility in Bitcoin trading. Traders should exercise caution and consider risk management strategies as market sentiment remains bearish.

According to Crypto Rover, there is concern that Ben Zhou's recent statements resemble those made by Sam Bankman-Fried before the FTX collapse, highlighting potential risks for traders. The comparison suggests that traders should exercise caution and closely monitor developments around Ben Zhou's activities, as historical parallels might indicate similar market impacts. This underscores the importance of due diligence in crypto trading, especially when market leaders make significant public statements.

According to Crypto Rover, traders who endured significant market downturns, such as BTC's fall from $69K to $15K, the collapse of LUNA, and multiple bankruptcies including Celsius and Voyager, have demonstrated resilience. Additionally, these traders have navigated through major events like the FTX collapse, Binance bank run, and extensive regulatory challenges from the SEC. This resilience is viewed as a potential indicator of future financial success, as surviving such volatility may prepare traders for profitable opportunities in a recovering market.

According to Skew Δ, Bybit presents a promising opportunity for the cryptocurrency industry, distinguishing itself from FTX through different management and situational factors. Skew Δ emphasizes that Bybit's current management approach and security perspectives can contribute positively to its stability and reliability in the market, potentially influencing trading strategies favorably. This insight is based on Skew Δ's cybersecurity experience and market observations.

According to @AltcoinGordon, the current sentiment that 'crypto is over' is reminiscent of past market downturns, such as the FTX collapse and the 2018 bubble burst. He suggests that traders should stay resilient, learn from these events, and expect a market recovery (Twitter source).