Panic sells are so fun. Haha, because you just have to wait untill everybody finished selling after the panic, and then you come and BUY more. Almost always the price just go up right after. It's quite obvious looking at the chart. I still don't understand why people panic sell, as if ethereum was going to go down to 1$ in 2 hours. But that's impossible, because not everybody is connected and ready to sell their ethereums. There is always a plateau. If the panic sells lasts for more than 2 days, that's another problem here. ;)
Feel free to check my last post, maybe you'll like it. <3
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You are right, There are people who benefit when panic sells happen by buying at a lower price and there are people to panic sell and make loss. But expecting much of a logic as to why it happens leads you to one answer only and that is 'unknown'. That is the reason nobody gives you surety about the dynamics of the market. Markets and prices fluctuate due to N number of reasons. Long term players and analytical minds only survive.
Anyhow I will surely check your post and give my views. Good luck to you