The connection is purely superficial, LLMs and cryptocurrency are two completely different technologies, hype is always going to exist with every popular technology, we need to be able to look at something and evaluate it on its own merit rather than as a function of how popular it is.
Oh don’t get me wrong both crypto and LLMs are interesting. I am just a little dubious how much money and attention suddenly flowed into one and then later out (followed by bankruptcies and lawsuits), then into another.
At this point, BTC is very much known for its extremely high volatility (source: look at the price history since inception).
There hasn't been a single year since it launched where it hasn't displayed outrageously wild swings: at this point, it's pretty clear that the wild volatility is an intrinsic attribute of this particular asset class.
Therefore: not a crash, just Bitcoin's business as usual.
Crashes don’t have to be rare either- frequency does not negate them from being crashes
you can start by seeing some of the the accepted definitions here [1]
While you may have expected crashes in bitcoin to be that hard (good for you) most investors, dozens of high profile funds/exchanges/crypto businesses did not expect bitcoin to fall to 20k USD and have failed.
