11T lost last week in derivatives, let’s talk about Luna

Full disclosure: I hold deep positions in crypto, I also trade equities and derivatives.

Crypto represents less than $2 trillion in value. Today, I’ve seen 4 articles on HN lamenting the losses experienced.

Yet, in traditional markets over 11 trillion dollars has been wiped in value.

Why are we talking about the losses in crypto when traditional finance is losing factors of value?

Who is the greater fool?