💥 Gate Square Event: #PTB Creative Contest# 💥
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Analyst Miles: The current market downturn is more heartbreaking than the FTX collapse, as people still expect AltCoin market.
Jinse Finance reported that encryption analyst Miles Deutscher posted on X, stating that the current market downturn is more heartbreaking than the collapse of FTX in 2022. He explained that during the FTX incident, people have become numb to the decline and no longer have hope. But this time, when the decline happened, people were still expecting a large-scale altcoin rally. Losing hope is more painful than losing money.