We've deffo seen it harder, FTX was the last massive crypto FUD news. Man, I remember when mtGox happened and let me tell you, everyone thought crypto was finished. Back then mtGox did like 85% of BTC trades and the FUD made FTX look like a picnic in the park. lol. It made me quit crypto for 4 years and stack silver until I found Steemit in 2017.
I agree alot more people are seeing through it now, at least as the market matures and grows, the swings will become less.
Wow, that must have been horrible. It was way before my time in crypto. I didn't get started until late 2017.