Bitcoin, FTX, and impact of the exchange’s collapse on BTC HODLer conviction

Bitcoin’s price was gravely impacted by the failure of FTX. On-chain metrics suggested a shift in HODLer’s behavior. The sudden collapse of Sam Bankman-Fried’s crypto empire left the general cryptocurrency dealing with significant losses. The effects of the events between 6 -14 November 2022 could be compared to the collapse of Mt Gox in 2012.