DeFiance Capital Founder Comments on Asian Crypto Sentiment Decline

Arthur Cheong, founder of DeFiance Capital, highlighted on October 30th the significant decline in speculative sentiment among Asian crypto users, marking a low not seen since 2022.

This downturn indicates potential broader market challenges, affecting altcoins heavily, as experienced investors express concern over these recent developments.

Asian Crypto Enthusiasm Reaches Historic Low Levels

Arthur Cheong, well-known in blockchain finance, commented on the significant decline in sentiment among Asian users. This drop in market enthusiasm is noteworthy as it marks a new low in the current cycle, comparable to sentiments experienced in 2022. DeFiance Capital, led by Cheong, has consistently provided insights into market trends, showing increased focus on DeFi projects amidst prevailing uncertainties.

This change impacts user engagement and the broader DeFi landscape. Asian traders, often seen as leading the speculative push, are exhibiting cautious approaches, which may influence investment flows and project funding. Experts suggest this could potentially herald a shift in marketing strategies aimed at revitalizing interest in the region.

I’m frustrated and disappointed with the market’s recent performance, which has had a significant impact on the altcoin sector.

Bitcoin Price Sees Modest Weekly Gain Amid Sentiment Shift

Did you know? Asian crypto-user sentiment was last this low in 2022, contributing to notable shifts in global market trends at that time.

According to CoinMarketCap, Bitcoin (BTC) remains significant in the market with a price of $109,144.78 and a market cap of $2.18 trillion as of October 30, 2025. Despite its dominant status, BTC saw a decrease of 3.42% over 24 hours, yet maintained a slight positive change of 0.31% over the past week. The circulating supply approaches its maximum at 19,941,881 out of 21 million coins.

The Coincu research team notes that the current sentiment reflects cyclical patterns, suggesting room for strategic adjustments in market approaches. Historical analysis indicates that such downturns often precede innovation surges, potentially paving the way for new projects or technological advancements in the sector.