The FTX collapse was a landmark black swan event in 2022, signaling that the bear market bottom was forming. It was one of the indicators of the bottom forming, not confirmation that the bear market had just begun... Back then, many people became overly pessimistic because of this collapse, thinking the bull market was still far off, the market would stay bearish for a long time, and Bitcoin would drop to $8,000. As a result, they missed the chance to buy the dip and even opened long-term shorts, leading to even greater losses...