True, but they’re still a negative sum event. (Putting aside libertarian-ish arguments, ironically overrepresented in crypto, that in the long term a crash is a healthy garbage-collection event.)
If there were a way to have enough transparency that we had smaller crashes more frequently it would probably help to limit the damage to those who can afford to lose it.
The truth is that you can only push a correction so far out. It will happen eventually and the farther out you push it the worse it will be.