What makes the market go up or has more price increases for all cryptocurrencies in the market is not FTX. Because in the past I saw that the increase in prices that occurred in cryptocurrencies was due to so many buyers and investors coming into the market that there was very little relationship with the exchange. But for now, where investors have started to withdraw from the exchange due to the FTX case, market conditions will not only improve when FTX can be recovered in any way.
I also don't see it being fully influenced by exchanges, let alone only dealing with one problematic exchange such as FTX, generally there is an increase in the market due to investors and buyers entering the market.
And it seems difficult for FTX to restore people's trust, let's assume they intend to take responsibility for returning user funds, but the problem is whether this can be trusted?
The death of FTX is becoming more and more obvious and finding a seat point for a centralized exchange, thus forcing people to no longer believe in any centralized exchange going forward.