FTX comes in a variety of minor and major hazards. Alamedas has a balance sheet of 7.3 billion in loans followed by $2.2 billion in $FTT tokens. There is no btc, eth in the balance sheet. Which is the negative point of a whale. Their stablecoin reserves - 93% dump in last 2 weeks. If Bychance is like Lona then I can see bloodbath again in crypto market. I have been keeping an eye for 2-3 months that if something like that happens then many popular coins will dump a lot. Image source : https://news.bitcoin.com/crypto-exchange-binance-dumping-all-ftx-tokens-on-its-books-ceo-cites-recent-revelations/
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If it gets worse and don't sort out thing's I can smell BTC at $10k.