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Bitcoin Discussion
Re: What if this guy with 96,651 BTC suddenly cashes out?
by
alyssa85
on
19/02/2018, 18:56:12 UTC
Quote from: JuniAiko on February 19, 2018, 03:50:57 PM
https://blockchain.info/address/3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64
Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
Nobody sensible "suddenly cashes out" - unless they want to sell for considerably lower than the current price.
Most likely they'll sell in tranches over the counter, rather than on exchanges.