According to @Andre_Dragosch, the crypto market is approaching FTX-era pain, with combined long-term holder and short-term holder realized losses now as high as during the November 2022 crash, source: Andre Dragosch on X, Nov 22, 2025. Dragosch highlights this as a rare contrarian entry setup amid extreme realized losses, source: Andre Dragosch on X, Nov 22, 2025.

According to @CryptoMichNL, the crypto Fear and Greed Index dropped to 6, indicating extreme fear by this market sentiment gauge (source: @CryptoMichNL). According to @CryptoMichNL, Short-Term PnL has reached its lowest reading ever (source: @CryptoMichNL). According to @CryptoMichNL, the current crash is impacting these indicators more severely than the COVID-19 and FTX selloffs (source: @CryptoMichNL). According to @CryptoMichNL, this backdrop supports a buy-the-dip strategy for traders seeking capitulation-driven entries (source: @CryptoMichNL).