^I think these 3 series of events, are the FTX bankruptcy or collapse, the Binance FUD, and the withdrawal of all funds in CEXs.
What next is possible? There are too many events that quickly change the market condition which means there are too many weak hands in the market pretending real investors. People are easily getting FUD and panic, but at least with these events people learned from their mistakes and have an awareness of how to protect their assets. Now people learned what is noncustodial wallets.