~snip~
One thing about the Bitcoin market is that it always goes with the trend, which is why the price is always affected whenever there is bad news, just like you said about FTX. When you tell people that exchanges are not safe to keep your money on, people don't believe you. What happened with FTX should be a lesson to many.
People who do not learn will continue to deposit their money in exchanges because they believe it is safe and easy to transact with, which is why they constantly keep their money there.
History repeats itself.
Mt.Gox should have been the only time when this happened, and people should have learned and realized the dangers of leaving your bitcoin in exchanges.
Instead, people continued doing so and exchanges kept collapsing.
This will continue to happen in the future as well.