The crypto market today is immersed in red, red candles cover the trading screen, making many investors start to worry. But in that negative atmosphere, there is a perspective that is worth stopping and pondering:

Is this bear market really as bad as we think?
Or… is it one of the “easiest” periods ever?

That is also the view from Haseeb Qureshi - Partner of Dragonfly , one of the largest and most influential funds in the crypto market.

🧨 2022: The "Apocalyptic" Bear Market Where Those Who Survive Will Become Legends

To understand why Haseeb says the current period is mild , we have to recall the picture of 2022 – a year that was likened to a “flood” for crypto.

Then everything fell like dominoes :

🔺 Luna/UST – the first explosion

LUNA and UST became the most catastrophic crash in crypto history, wiping out $60 billion and dragging down countless projects.

🔺 3AC Fund goes bankrupt

Three Arrows Capital – one of the largest funds in the market – collapsed due to leverage, creating a huge contagion effect.

🔺 FTX – the “exchange giant” collapsed

An event that no one believed could happen.
FTX was a top exchange at the time, with global influence. And then it disappeared in just a few days .

🔺 Genesis, BlockFi, Axie, Non-Fungible Token… all plummeted

The ecosystem is almost pulled down together:

• Lending companies explode in series

• Blockchain games plummet

• Non-Fungible Token falls from peak to Dip

• Market confidence is almost gone

🔺 Traditional banks also have problems

After the crypto crash, it was the turn of major US banks to face a liquidation crisis, making the situation more unstable.

🔺 Stablecoin loses peg, regulators tighten

As USDC and other stablecoins lose their peg, confidence in the pillars of the market is shaken.
In parallel, the SEC and other US agencies began to increase their crackdown on crypto businesses.

Result:
At that time, no one was sure what would survive .

🟩 2025: Bear Market Will Fall, But It's Not a Disaster

Back to the present — prices may be falling, the market is red, but it's clear:

There was no system crash.

There is no second FTX.
There is no second LUNA.
No dominoes falling one after another.

Haseeb emphasized:

“The infrastructure is still running well, the real users are still there, the real money is still there. And most importantly: the trust in the system has not been destroyed. ”

🎯 Highlights of the current drop:

• No destructive liquidation events

• No major companies go bankrupt

• No stablecoins lose peg

• No major infrastructure incidents

• Users, projects, cash flow all working normally

In other words:

👉 This bear market is literally just… falling prices.
👉 Not "complete destruction from the roots" like in 2022.

💡 So What Should Investors Do?

This is not the time to panic.
And it's not the time to make emotional decisions.

Haseeb advises:

• Rest if tired

• Keep calm

• Market observation

• No fomo, no panic sell

• Focus on the long-term vision

Crypto has been through much more brutal times — and survived, even stronger.

🧩 Conclusion

The market is really red today.
The price has really decreased.
But looking more broadly, compared to 2022, we are in a much more stable environment.

No systemic shock.
There is no chain of dominoes.
There is no collapse of faith.

The market is simply correcting.

👉 Stay calm.
👉 This is not the end.
👉 And sometimes, the most fiery days are when opportunities form.