The decision to massively dump positions was a human one. This is just another example of what happens when you get a bunch of independent agents with imperfec

The decision to massively dump positions was a human one. This is just another example of what happens when you get a bunch of independent agents with imperfect information scared -- they cut their losses. In a market, this triggers a spiral effect of lowering prices, encouraging more people to cut their losses. Wether this is automated or manual, this is not a new thing.