I don't think you're taking into account what demographic is actually being "squeezed" in a liquidity crunch.  The people who own most of these things (BTC) are already rich in the first place and have no debt.  The people who aren't rich and own them have some totally insignificant amount.

The real people getting squeezed are the middle class Americans with McMansions, private schools, and cars they can't afford.  What is the common denominator of that group?  They all own stocks and none of them own Bitcoin.  People on the bottom and middle are the ones being squeezed.  Stocks are mainstream, Bitcoin and gold aren't.  Therefore, the stock dump will be horrific while things such as Bitcoin, as long as the confidence level is high (from 12.5 block reward halving bubble gains) will not only not go down, but will probably be going up as a safe haven from banks that will Cyprus you because Bitcoin is cash without counterparty risk.