Cryptanalysis expert Miles: The current market decline is more frustrating than the FTX collapse, as people still hold hope for a bull market

ChainCatcher news, crypto analyst Miles Deutscher posted on X that the current market decline is more painful than during the FTX collapse in 2022.

He explained that during the FTX incident, people had become numb to the declines and no longer held any hope. However, at the time of this decline, people were still expecting a massive altcoin rally. Losing hope is more painful than losing money.