The whole thing was one big cluster fuck to wipe out the leverage in the system so "poors" didn't get rich on leverage. With so much of BTC liquid supply now held by market makers and institutional traders, it is easier for them to manipulate the market and create a flash crash to wipe out long leverage for a nice cheap entry much, much lower. It was way worse for altcoins compared to BTC.
I was happy I was able to stash some profits at BTC $125K to then buy back in after the crash to $109K. I also used the flash crash to buy a sexy little RUNI around $420, a favorite price target for the ethereum NFT that is severely underpriced based on its contributions to Splinterlands land productivity. I'm glad you were able to score some cheap Hive. I was busy watching a movie during the worst of the crash to realize the lowest prices.