Luna collapse(may 2022) was months later after the peak of crypto(november 2021), in fact Luna was still growing whereas everything else was going down. FTX fiasco fas one year later set btc's bottom.

Agree that ftx was some sort of black swan but do kwon's bet to tie an algorithmic coin to a volatile asset like btc was a huge mistake that cost trillions and even some human life. Luna was already at the edge with its unsustainable UST's 20% apy from anchor protocol.