The stock market has once again made crypto look stable by comparison with the Netflix stock price dropping 25% in after-hours trading tod.

The news that sparked the dramatic tumble was the revelation on Tuesday that the streaming service has lost 200,000 customers in the first quarter of 2022 and projects it will lose a further two million subscribers this quarter. This marks the first time the company has tallied losses in user numbers since 2011, according to Bloomberg.

Investors reacted by dumping NFLX shares in after-hours trading, causing prices to crash to a new yearly low of $258.90. When trading opens for the day at 1:30 pm UTC on Wednesday, it is unclear what price the stock will open at.

Such price action has drawn some glee from the crypto community, who have long faced criticism from traditional investors that crypto is too volatile.

Crypto analyst and host of the YouTube channel Into the Cryptoverse Benjamin Cowen tweeted to his 622,000 followers today that the Netfli crash reminds him of “how stocks became more like #crypto, rather than the other way around.”

The Netflix stock price has performed worse in 2022 than Bitcoin 

BTC

$17,411

 has this year. Netflix lost 57% since January 1, 2022, when it was at its height for the year at $597.37. By comparison, BTC is down 11% overall since its 2022 opening price of $46,319 to $41,288, according to CoinGecko. 

Other tech stocks have seen crypto-like daily losses this year. On Feb. 2, PayPal dropped 20% from $172.77 to $139.89. On the same day, Meta Platforms — formerly Facebook — dropped 25% from $327.82 to $244.65.

But, before crypto pundits get ahead of themselves, it must be noted that Bitcoin has fallen harder than those tech stocks during previous crypto market crashes. The last time BTC fell at least 25% in a single day was March 12, 2020, when it fell 41% from $7969 to $4776.

Related: Meta may introduce tokens and digital currency lending services to apps: Report

Analysis carried out by crypto research firm Into The Block and released on Saturday found that BTC and Ether 

ETH

$1,331

 “have been less volatile than many stocks, especially those with crypto offerings.”

The analysis used the Sharpe ratio to compare volatility across different investments. The lower the score, the less volatile the asset. Bitcoin received a score of -0.02, while Square with -0.05 and MicroStrategy and Coinbase with -0.02 either matched on underperformed BTC.