According to @EleanorTerrett, seasoned crypto participants remain calm during sharp selloffs, contrasting with her NYSE-floor experience where 2–3% moves felt like a crisis, source: @EleanorTerrett on X (Nov 21, 2025). She adds that crypto can wipe out yearly gains within a month and commonly sees 20–40% swings in a cycle, shaping trader expectations for rapid drawdowns and rebounds, source: @EleanorTerrett citing a WSJ interview with @KeithGrossman. For trading context, this characterizes crypto as a higher-volatility market than equities with routine intra-cycle moves of 20–40%, source: @EleanorTerrett.