Wtf are you talking about? Those volatile stocks were among the largest market cap. They were the darlings of the pandemic. Companies like Netflix, PayPal, Meta, etc, aren't your random companies. They are in the S&P 500 and used to hold major shares in your common ETFs. These aren't some random outliers. When you look at the once top performers, that is not cherry-picking.

The people who are overleveraged in crypto are the same ones doing leverage in stocks. I don't understand why people want to single out crypto. A lot of volatility comes from overleveraged trading. The same suspects are driving the dump in both asset classes. Why deny that?