logo
Rewards Hub

Rough Seas Ahead For Crypto

november-14-daily-update

Main Takeaway: Damage Control

As a result of the FTX fallout, crypto is again witnessing another big crisis in 2022 (Luna, 3AC, Voyager, Celsius). It’s still too early to tell what this will lead to, but FTX’s reach spanned across hundreds of companies and institutions, let alone the damage it did to retail. Investors and traders should be aware that the bottom will come only when the leverage is totally wiped out from the system. Therefore, markets could still witness more downside if the current trend of bankruptcies continues and the macro stays negative.


For any inquiries contact us at support@phemex.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
Sign Up and Claim 15000 USDT
Disclaimer
This content provided on this page is for informational purposes only and does not constitute investment advice, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. For further information, please refer to our Terms of Use and Risk Disclosure

Related articles

 Best Crypto Exchanges 2026: What Makes Phemex Stand Out

Best Crypto Exchanges 2026: What Makes Phemex Stand Out

Market Insights
2026-01-28
10-15m
Top Crypto Exchanges: What Makes a Platform Worth Your Trust in 2026

Top Crypto Exchanges: What Makes a Platform Worth Your Trust in 2026

Market Insights
2026-01-28
10-15m
Why TradFi Assets Can Be Traded 24/7 as Futures?

Why TradFi Assets Can Be Traded 24/7 as Futures?

Market Insights
2026-01-27
5-10m
Tax Season 2026: How to File Your Phemex Crypto Taxes

Tax Season 2026: How to File Your Phemex Crypto Taxes

Market Insights
2026-01-22
5-10m
"I Stopped Watching the Charts": 3 Traders on Finding Their 24h Advantage

"I Stopped Watching the Charts": 3 Traders on Finding Their 24h Advantage

Market Insights
2026-01-22
3-5m
How to Earn Zama ($ZAMA) on Phemex: A Complete Pre-TGE CandyDrop Guide

How to Earn Zama ($ZAMA) on Phemex: A Complete Pre-TGE CandyDrop Guide

Events
2026-01-21
5-10m