News: The crypto market is experiencing extreme volatility and a significant downturn driven by the unfolding crisis at FTX. Binance's withdrawal from the acquisition deal has amplified fears of contagion and liquidity issues, pushing Bitcoin below $17,000 and other major cryptocurrencies lower. Regulatory bodies like the SEC, CFTC, and DOJ are reportedly investigating FTX, adding to the uncertainty. Despite some retail buying interest, the overall sentiment remains heavily bearish, with a focus on exchange stability and potential systemic risks.

Market Probabilities: 
Bull 10% | Base 30% | Bear 60%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6499999999999999, "key_reason": "The potential collapse of FTX and Binance's withdrawal from the acquisition deal creates significant"}