You’ve just described the daily status of crypto. However, it is apparently much more robust than traditional finance. Rapid drops of 50%+, that would be devas

You’ve just described the daily status of crypto. However, it is apparently much more robust than traditional finance. Rapid drops of 50%+, that would be devastating if it were to happen in sp500 or bond markets, did not destroy crypto markets despite huge amounts of high leverage. Maybe it is too small to matter still, but either way I would much rather worry about traditional finance.