death spiral

American  

noun

1. (in pair skating) a dramatic movement in which the man spins his partner around him in a gradually increasing radius while he spins in place, holding the extended arm of the woman, who revolves around him on one skate with the other leg stretched out and gradually lowers herself backward until she is just above the ice surface.

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Example Sentences

Michael Burry, the entrepreneur who gained fame for spotting the 2008 subprime mortgage crisis, fanned fears on Monday as he flagged a possible "death spiral" for bitcoin.

From Barron's

A death spiral ultimately did it in: Unpaid suppliers cut shipments.

From The Wall Street Journal

However in May 2022, when TerraUSD depegged again and then succumbed to a death spiral, the foundation—which was essentially being directed by Kwon and Jump’s Kariya—transferred nearly 50,000 bitcoin to Jump without any written agreement regarding how they would be used, per the suit.

From The Wall Street Journal

Despite warnings from some crypto executives about the inherent risk of a “death spiral,” small investors poured billions of dollars into the tokens, drawn by promised annual returns approaching 20% and enthusiastic endorsements from prominent backers such as Galaxy Digital founder Mike Novogratz.

From The Wall Street Journal

“Once fund managers realize this they’ll dump the preferreds & $MSTR won’t be able to issue any more, setting off a death spiral.”

From Barron's