what u r seeing is a major fund, who is probably concentrated on tech, and is down bad, saying "oh fuck i better gtfo out of this before everyone else does"

except "everyone else" is also tech focused funds that all CRWD'ed in the same 69 tech names during 2020-2021 and is also now facing existential risk as their LP's r wondering why they are paying 2/20 to get fucked raw when they could be doing it on their own