It was quite the bloodbath! I think these are the growing pains we will see with heavily leverage derivatives like futures contracts and other similar vehicles, as well as the unpleasant side effect of Bitcoins success in going mainstreet through Fidelity and other Legacy system players, now these new Bitcoin holders will dump their Bitcoin like they dump their stocks. I think these new factors plus others will create new volatility.
We wanted mass adoption, so now we watch as they learn to trade Bitcoin. 😢