Dragonfly managing partner Haseeb has provided an analysis of the current crypto market downturn, indicating it is less severe than previous declines. Unlike the 2022 market collapse, the current correction is not driven by systemic risks. Haseeb notes the absence of major exchange failures, stablecoin collapses, and widespread institutional bankruptcies as key differences. Haseeb points out that the market infrastructure has matured, with improvements in transparency, lending practices, and risk management. He also highlights positive indicators such as increased developer activity, active institutional investment, and improving regulatory clarity, which suggest a resilient crypto ecosystem.