I see people saying Q1 2026 is the worst market they’ve experienced.
If you think so, you probably weren’t here in 2022 when everything actually broke.
Here’s what that looked like:
1. Terra (LUNA/UST) collapse (May 2022)
> $40B–$60B wiped out in days
> UST lost its $1 peg
> LUNA went from $80+ to near $0
> Triggered the entire crypto bear market
2. Celsius collapse (June/July 2022)
> Froze withdrawals for users
> $4.7B of user funds locked
> Huge gap in finances
> Promised high yields, couldn’t sustain it
3. Three Arrows Capital (3AC) (mid 2022)
> $3.5B hedge fund wiped out
> Over-leveraged positions
> Collapse spread fear across the market
4. Domino effect (BlockFi, Voyager, Genesis)
> Multiple lenders went bankrupt
> Caused by exposure to failed firms
> Created a full-blown liquidity crisis
5. FTX collapse (November 2022)
> $32B company - bankrupt
> $8B hole in customer funds
> Misuse of user deposits
> One of the biggest trust collapses in crypto history
6. Crypto market crash
> Bitcoin dropped below $20K
> Entire market lost massive value
> Mining and liquidity got hit hard
7. Regulatory pressure & sanctions
> Tornado Cash got sanctioned
> Increased global scrutiny on crypto
> More restrictions started coming in
