News: The crypto market is dominated by the ongoing FTX saga, with new details emerging about missing funds and unauthorized transactions, leading to a significant drop in Bitcoin and Ethereum prices to two-year lows. This crisis has amplified fear and reduced liquidity across the board. While some long-term adoption indicators like Cash App's Lightning integration and Hong Kong's regulatory discussions show promise, the immediate short-term outlook remains heavily bearish due to the FTX contagion.

Market Probabilities: 
Bull 10% | Base 20% | Bear 70%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.7749999999999999, "key_reason": "The unauthorized transactions and massive outflows from FTX's wallets are a direct negative catalyst"}