Safe-haven saves you during economic crisis. Nothing saves you during market crash. Especially during whole world, all assets massive panic sell caused by pandemic.
Economic crisis is not equal market crash.
Flash-crash is only a flash-crash. Does not mean anything.
Yeah this is also a significant thing to look at too. When retail try to rebalance assets quite a few of them will do quick sells in order to work out how much they actually have to rebalance diversification or reanalyse risk. So we can expect some sort of fall in prices at the immedate impact. Also a lot of people sell due to fear, seeing a bounce as high we can see there was a lot of interest in trying to buy up the btc at the low 3800$ prices.
@OP I haven't seen that chart before what is it meant to be of (liquidation engine) could you provide some context?