{"id":55775,"date":"2022-11-17T14:46:21","date_gmt":"2022-11-17T13:46:21","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=55775"},"modified":"2022-11-17T14:46:21","modified_gmt":"2022-11-17T13:46:21","slug":"chainalysis-reports-crypto-market-fundamentals-remains-stable-despite-ftx-fallout","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/chainalysis-reports-crypto-market-fundamentals-remains-stable-despite-ftx-fallout\/","title":{"rendered":"Chainalysis Reports Crypto Market Fundamentals Remains Stable Despite FTX Fallout"},"content":{"rendered":"<p style=\"text-align: justify\">FTX, a popular crypto trading exchange, was once regarded as one of the pioneers in the crypto industry. However, it met its sudden end just last week as rumors of its insolvency started to loom in the crypto market. Millions of crypto investors immediately panicked and continued selling their cryptos in fear. As a result of the sudden collapse of the exchange, the crypto market again suffered another steep downtrend.<\/p>\n<p><!--more-->Cryptocurrencies were already greatly affected due to several reasons. The exchange halted withdrawals and the funds of several users were frozen. As a result of the whole FTX fiasco, many <strong>investors in the crypto market have lost their confidence in active crypto trading amid fears of them losing their assets<\/strong>. People started criticizing the digital asset industry and pointed out its vulnerabilities.<\/p>\n<h2 style=\"text-align: justify\"><span style=\"font-weight: 400\">Crypto Market Fundamentals Continue Remaining Stable<\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Though several firms face the threat of insolvency, the<\/span> report<span style=\"font-weight: 400\"> from Chainalysis paints a positive image of the crypto market. <a class=\"keychainify-checked\" href=\"https:\/\/www.chainalysis.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Chainalysis<\/strong><\/a> took it to Twitter and categorically mentioned that <strong>despite the FTX fiasco crypto market fundamentals have remained stable<\/strong>. However, it is evident that the main reason for FTX\u2019s collapse was the improper and fraudulent management of funds. Thus, it was not because of any possible blockchain failure.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ We\u2019d like to provide updates on some of the market indicators we\u2019re watching following the collapse of FTX last week. <a href=\"https:\/\/t.co\/fo4JuVWiQd\" target=\"_blank\">https:\/\/t.co\/fo4JuVWiQd<\/a><\/p>\n<p>&mdash; Chainalysis (@chainalysis) <a href=\"https:\/\/twitter.com\/chainalysis\/status\/1593007958010777600?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Keeping the current situation in mind, it seems as if users are backing out of crypto trading at the same percentage as it was before FTX\u2019s collapse. In addition, net inflows in centralized exchanges have declined considerably. This suggests that users actively withdraw more funds than they actually deposit.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-55777\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/behnam-norouzi-P4WNwqaen7o-unsplash-1.jpg\" alt=\"Chainalysis Reports Crypto Market Fundamentals Remains Stable Despite FTX Fallout\" width=\"699\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">These users are opting for self-safekeeping this time around. <\/span><span style=\"color: initial\">However, a lesser percentage is still being sent to a few centralized exchanges, and <strong>spikes in the movement to personal wallets have been seen<\/strong>. The move can be considered a precautionary measure by crypto consumers.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Stablecoins are an integral part of the crypto world as they maintain a constant value of $1. In the wake of FTX\u2019s downfall, some stablecoins were affected and witnessed a decline in their total value. Not only that, but many firms with investments in FTX had to face considerable losses when the exchange went bankrupt. Most of them had to reduce their total headcount to survive in the already challenging crypto market. Some <a class=\"keychainify-checked\" href=\"https:\/\/crypto-economy.com\/news\/companies\/\" target=\"_blank\" rel=\"noopener\"><strong>firms<\/strong><\/a> also halted withdrawals to deal with the mess created by FTX.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX, a popular crypto trading exchange, was once regarded as one of the pioneers in the crypto industry. However, it met its sudden end just last week as rumors of its insolvency started to loom in the crypto market. Millions of crypto investors immediately panicked and continued selling their cryptos in fear. As a result &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Chainalysis Reports Crypto Market Fundamentals Remains Stable Despite FTX Fallout\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/chainalysis-reports-crypto-market-fundamentals-remains-stable-despite-ftx-fallout\/#more-55775\" aria-label=\"More on Chainalysis Reports Crypto Market Fundamentals Remains Stable Despite FTX Fallout\">Read more<\/a><\/p>\n","protected":false},"author":22,"featured_media":55776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74,9156],"tags":[4602,4620,5536,4656],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/55775"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=55775"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/55775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/55776"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=55775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=55775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=55775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}