The crypto trader who panicked in the market decline lost 222 thousand dollars

It turned out once again that there is no room for emotionality in the financial markets. An investor who bought 3 million dollars of AAVE about 2 weeks ago made a panic sale in the market decline last night. The total loss of the trader in 2 weeks was 222 thousand dollars.

A crypto investor who is a dollar millionaire paid a heavy price for his panic. Trader sold AAVE tokens worth about $3.1 million, which it bought 2 weeks ago, in the declines last night, to avoid further loss. The 2-week loss of the seller was 222 thousand dollars.

According to the information given by the on-chain tracking platform Lookonchain, this person, who bought AAVE from 155 dollars in mid-October, panicked last night when Bitcoin fell below 70 thousand dollars. This person, who sold all of the 20 thousand 527 AAVE he bought for 144 dollars, lost a total of 222 thousand dollars. On October 15, the price of AAVE increased to 165 dollars.

This sale and damage has once again shown how risky and dangerous short-term investments and panic movements are in the crypto and financial markets.