It's 'getting smashed' because it's getting smashed because it's getting smashed.
Here's how it works, a technical description. It starts getting smashed. People wonder why, they don't know, they fear what they can't see, they sell, it 'gets smashed' more, people wonder why, they don't know, they fear what they can't see, they imagine it's this or that, it surely must be something, so they sell, and so on...
On the other side of the same coin, it begins to recover, the market says 'oh, the boogy man wasn't real' and they buy in, and so on.
This is one of the most powerful forces of the market. Herd mentality.
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