As a former motorcycle racer yes you can just loose traction in a turn. It's easy. I've done it at Barber and Road Atlanta. I have the scars and metal plates to prove it. It's not hard to understand.

Keith Code put it simply that you have 100 points of traction available (as a simplification of course.) Going forward in s straight line you can use all 100 to increase speed. Use all of them up and you do a burnout.

In corners you have to use a large percent of those points to counter the g forces of the turn. Add a little request for forward traction and exceed the limit and you spin your rear wheel. If you're lucky you keep spinning and don't get high sided to the moon.

Brake too hard in a turn and the front wheel uses some of that traction to decelerate as well as corner. Exceed the limit and the front end tucks. Lowside.

Go in too hot to a turn and you'll tuck the front end as well.

And if you still have chicken strips you are not getting close to the edge of your MCs performance.