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AMB Crypto
2022-11-16 04:30:25

Bitcoin, FTX, and impact of the exchange’s collapse on BTC HODLer conviction

Bitcoin, FTX, and impact of the exchange’s collapse on BTC HODLer conviction

Bitcoin’s price was gravely impacted by the failure of FTX. On-chain metrics suggested a shift in HODLer’s behavior. The sudden collapse of Sam Bankman-Fried’s crypto empire left the general cryptocurrency dealing with significant losses. The effects of the events between 6 -14 November 2022 could be compared to the collapse of Mt Gox in 2012.

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