What if the buyer is an established casino firm that wanted to get into the Bitcoin game? If that's the case, then they would've been accumulating beforehand and have been responsible for some of the buying pressure. This would now be gone, along with 350k coins released on the market.
I smell blood.
But what about when, in the past, you said price was driven by miners desperate to sell, not by investors accumulating? Doesn't this mean we can get our time machine out of the closet and cancel out Blitz because the past Blitz is not saying the same as present Blitz? Is this the title of new movie Back to the Blitz: Timezone Accumulatrix? The new Blitz paradigm- more economy always drops price because BTC receiver is by nature as desperate to sell as a miner- Buyers of BTC only exist when they've bought something off someone desperate to exchange it to USD.