Binance is currently the largest exchange in the crypto currency world and has a large market dominance, so I think Binance will have a good impact on the market if there is currently some crisis. But I also know that the cryptocurrency world has its ups and downs. But Binance's crisis doesn't mean the end of the cryptocurrency world. I think that sometimes when these things happen, first there is a crisis and the market is down for a few days, but then the market will recover again, just like what happened after the crash of the FTX exchange.
The whole thing has gone slow down with the government since the exchange seems to have been in agreement with meeting up with some of their conditions and yet we have to let the main idea be emphasized here that with or without Binance or any other exchanges, bitcoin will continue to move and remain, every holder of bitcoin are not on centralized exchanges, to the best of my knowledge, most bitcoiners have their coins on a decentralized non custodial wallet, including the Whales, should in case any exchange cease operations today, only it users will stay affected while nothing is going to happen or change about the bitcoin market because this isn't the first time exchanges are going down.