The currency circle suspended withdrawals and closed exchanges, and the chain reaction after the FTX thunderstorm began.

Because FTX was hit by thunderstorms, many institutions were hit by thunderstorms because of FTX thunderstorms. Last time, Luna was hit by a thunderstorm and pulled a wave of institutions into trouble. This time it is higher level, has a larger amount of funds, and has wider involvement. Now some exchanges have begun to suspend withdrawals.

But once this liquidity crisis is over, there will be a lot of money moving back into Bitcoin. Nowadays I hear a lot of people saying that confidence in "crypto" has collapsed and then "should stick to Bitcoin".