{"id":58592,"date":"2025-11-14T18:31:52","date_gmt":"2025-11-14T18:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58592"},"modified":"2025-11-14T18:31:52","modified_gmt":"2025-11-14T18:31:52","slug":"bitcoin-btc-crash-is-breezy-compared-to-2022-carnage-claims-dragonflys-qureshi","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58592","title":{"rendered":"Bitcoin (BTC) Crash Is \u2018Breezy\u2019 Compared to 2022 Carnage, Claims Dragonfly\u2019s Qureshi"},"content":{"rendered":"
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Bitcoin tumbled 7% in the past 24 hours, dropping to $96,000 during early Asian trading on Friday, leaving investors scrambling for explanations.<\/p>\n

But Dragonfly Managing Partner Haseeb Qureshi struck a confident tone.<\/p>\n

Crypto Downturn Overhyped?<\/h2>\n

In a post on X, he argued that the current downturn is mild compared to the brutal conditions of 2022, while reminding investors of a period marked by cascading collapses, from Terra\u2019s implosion to the failures of 3AC, FTX, Genesis, BlockFi, and even major NFT ecosystems.<\/p>\n

Qureshi\u00a0noted<\/a> that after the industry-wide wipeout, the contagion even spread to the banking sector, stablecoins briefly lost their peg, and regulators intensified efforts to clamp down on crypto companies. Against that backdrop, Qureshi described today\u2019s pullback as \u201cthe easiest bear market\u201d he has ever experienced. Despite price weakness, he added that crypto asset\u2019s core fundamentals remain strong and the ecosystem continues to function as intended.<\/p>\n

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\u201cPrices have gone down, yeah, whatever. Fundamentals are great. Crypto is working. So relax, get something to eat. Lock in. We\u2019ll be fine.\u201d<\/p>\n<\/blockquote>\n

Looking at on-chain flows, data shared by Swissblock shows<\/a> a sharp rise in stablecoin dominance as Bitcoin slipped below $100,000, which means that capital is not exiting the market but moving to the sidelines. The platform noted that there has been no panic rotation into BTC; instead, buying power is accumulating in stablecoins, which reflected a classic \u201cdry powder\u201d buildup ahead of potential deployment.<\/p>\n

Bitcoin is currently attempting to defend the crucial $97,000-$98,500 range. According to Swissblock, sidelined liquidity typically moves back into BTC under two conditions: a capitulation sweep toward the $95,000 level, or a clear stabilization phase in which Bitcoin reclaims and holds above the $100,000 threshold.<\/p>\n

First Major Support<\/h2>\n

Focusing on the downside risk, however, crypto analyst Doctor Profit\u2019s earlier warning<\/a> about Bitcoin\u2019s key \u201cGolden Line\u201d near $99,200 looks accurate as BTC trades around $96,800. He had said that a weekly close below this level could signal a loss of bullish momentum, though strong selling pressure would be needed.<\/p>\n

After the recent dip, Doctor Profit tweeted<\/a> that the first target in the $90,000-$94,000 range is \u201cabout to be hit,\u201d which indicates that more downside could come.<\/p>\n

The post Bitcoin (BTC) Crash Is \u2018Breezy\u2019 Compared to 2022 Carnage, Claims Dragonfly\u2019s Qureshi<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin tumbled 7% in the past 24 hours, dropping to $96,000 during early Asian trading on Friday, leaving investors scrambling for explanations. But Dragonfly Managing Partner Haseeb Qureshi struck a confident tone. Crypto Downturn Overhyped? In a post on X, he argued that the current downturn is mild compared to the brutal conditions of 2022, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-58592","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58592"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58592\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}