Whether you considering yourself a crypto insider or not, it's very likely that you have heard all about the FTX implosion. The company basically disintegrated overnight, taking the value of the FTT token to basically nothing, and leading many investors to be very wary of certain altcoins that were available on the exchange.
There have been many ripple effects already felt in the crypto world from this, and there are many more likely to come in the near future. One that is predicted to happen is that Bitcoin will be pumping, as the FTX implosion may lead to aggressive BTC accumulation.