It depends on how it happens, and on what side of the road you are.

It could be just a flash wick that gets bought up quickly, which is the most likely scenario in case the market hasn't actually closed below major support levels and the 200 wma on a weekly time frame. In that case it would subject the market to extreme volatility but at the same time amazing opportunities for those looking to acquire more coins for the same amount of fiat.

Always make sure to have a bunch of fiat ready to put in action would the price tank hard. One last high volume flash crash wick could signal an actual bottom that people on a large scale would agree on that it is a bottom. People focus on double bottoms, v bottoms, etc. It could speed up recovery if so. Currently people are still in doubt due to how ugly the charts look.