History doesn't repeat itself, but it often rhymes. Does a major incident at an exchange often signal the bottom of a bear market? Yahoo Finance uses FTX as a comparison: on November 8, 2022, withdrawals were suspended, about a year after the 2021 peak, and the crypto market bottomed out two weeks later. In the following six months, total market capitalization increased by 18%, and BTC rose by 40%. This Binance hack also occurred about a year after the peak, and this pullback was only 52%, significantly shallower than the 73% in 2022. Hopefully, the market will recover!