News: The crypto market is dominated by the FTX bankruptcy filing, which has sent shockwaves through the industry. Bitcoin has turned negative, falling sharply as contagion fears spread, and major crypto-related stocks are tumbling. While positive inflation data initially boosted risk assets and weakened the dollar, the FTX crisis is overshadowing these macro factors, creating significant short-term bearish pressure. The failure of centralized entities like FTX is also highlighting the perceived need for DeFi.

Market Probabilities: 
Bull 20% | Base 30% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "FTX's bankruptcy filing is a major negative event, creating significant fear and uncertainty in the "}