Post
Topic
Board Bitcoin Discussion
Re: What if this guy with 96,651 BTC suddenly cashes out?
by
alyssa85
on 19/02/2018, 18:56:12 UTC
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.