Like I said before, there are no major coins that dropped that much, so it was mostly some newbie doing what he shouldn't, this is true for basically everything in life. You can leverage your position at gold too, or forex, I guess some nations even have stocks too, long/shot calls etc as we know from gamestop stuff. So all in all, if you really want to lose money quickly then you can find plenty of other things that aren't bitcoin as well, its not a news. I get that it may look like this is crypto related, but this is just some newbie trader making a newbie mistake and nothing more, could happen to anyone in any market.