News: The crypto market is experiencing extreme volatility and a significant downturn today, primarily driven by the unfolding crisis at FTX. Binance's announcement to acquire FTX has introduced massive uncertainty, leading to widespread liquidations and sharp price drops across Bitcoin, Ethereum, and other altcoins. The FTT token has collapsed, and Bitcoin has fallen to yearly lows, indicating strong bearish sentiment and contagion fears. The market is highly sensitive to any further developments regarding FTX and the broader implications for crypto liquidity and stability.

Market Probabilities: 
Bull 15% | Base 35% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The sharp decline in BTC and ETH, coupled with increased demand for protective puts, signals strong "}