It seems that people are now getting used to Bitcoin market behaviour, now people are understanding that Bitcoin cycle is 4 years. Imagine if the FTX collapse happen in 2017, I believe the impact will be more drastical compare to today, now I can boldly say that Bitcoin has now recovered all it's losses since the FTX collapsed, is this safe to say?
Saying that or even as your topic suggests leaves me with the impression that, the FTX situation had a major role in further dipping of the bitcoin price.
I think not. The FTX situation is just another happening in the cryptosphere and remains indiscriminate to the bitcoin price movement. Rather, it served other purpose as teaching moments on how to use centralised exchanges for those who care to learn.
We are in a new year and people are looking out for opportunities opportunities where to begin building a fortune so, its no surprise that the market is slowly having having correction on its depleted price.