Crypto Strategist Says FTX Collapse Suggests Bitcoin Close to Carving Absolute Bear Market Bottom – Here’s Why

A popular analyst says the implosion of crypto exchange FTX could be the signal that marks the beginning of the end of Bitcoin’s (BTC) bear market. Pseudonymous analyst Rekt tells his 329,900 Twitter followers that this is not the first time a prominent crypto exchange has blown up during the height of a bear market. Rekt says that historically, the collapse of a crypto exchange suggests that the Bitcoin bear cycle is close to its conclusion. “In previous BTC cycles, it was BitMEX, earlier it was Mt Gox. Now FTX. It’s a pattern. Exchange contagion has become a historical tendency