Even if the majority of the recipients all decide they're just gonna hang on to their Bitcoins and not sell, and in the best case scenario only less than 20% decide to sell, that's still 20% of about a billion. If too many sell around the same time, and it's not spread out enough, in the current state of the market with no strong confidence and low volume, that will probably still have an impact.
Now if a lot more people than that decide to sell, or the majority sells, we could be in for a pretty major drop.
Indeed, and then bitmex ppl will try to short and down we go. Personally, Im holding for next few years so I welcome the buying opportunity. Even if a recession was to start in US, crypto is here to stay and at worst the recovery time might just be extended