I wondering do really people belive bad news it's clear that bad news are there to just scare retail traders.
Don't be like weak hands don't be scared of bad news
Some bad news are just FUD while some are real and you should act right away or else your funds will be totally be gone. FTX for example, once the issues started to spread out many are panicking and they a day after, they got hacked and many funds are totally gone, so if this is just a FUD then where is our funds? Wales will manipulate small tokens and spreading FUD for the top coins, they are doing this for many years now.
If you store your money in the exchange or invested in their own coin then yes you could have acted quick before worse has yet to come but if you aren't among this then there is no need for you to panic. It doesn't help but it can only affect your decisions.
If the whales manipulate small tokens, then this token are only going to be shaken and not the entire market. Why will people be affected when they spread fud about it? Fuds are a part of this market and the only key to combat them is to become more knowledgeable but even if there are no fuds, there will always be a time for the market to fall down though this is better. At least it was natural.