News: The crypto market is experiencing significant downward pressure today, driven by the bankruptcy filing of BlockFi and ongoing contagion fears stemming from the FTX collapse. Protests in China against COVID-19 lockdowns are also contributing to global economic uncertainty, impacting risk assets like Bitcoin. While some analysts express cautious optimism about long-term recovery, the immediate outlook remains bearish due to liquidity concerns and regulatory acceleration fears.

Market Probabilities: 
Bull 25% | Base 40% | Bear 35%

Recommendations: 
Short-term: SELL
Long-term: HOLD
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