Honestly, if we done with the FTX dump, it was not as worse as it should have been. Just proves we near bottom. Down 2k after this massive attack on Crypto. This was bigger than Mtgox. I keep skeptical because of the coming recession so I will keep some fiat instead of jamming all into Bitcoin now but still surprised.
It is proper to put money in many areas or places and it is not recommended to put money in one place only. Because if your goal is to make lots and lots of profits, then putting money into lots of businesses and investments is a very good solution. Because when you experience losses in one business, you still have hope in other businesses. But if you just want to save money to spend in life during a recession, I don't know what advice to give you.