I hope this guy won't start selling it right now haha.
We already have a pretty big pressure on the bitcoin and the crypto market so it will send everything to hell pretty quickly.
But I think people like him will probably wait for bitcoin to go to 100k and beyond before selling even one coin.
We are talking about Bitcoin here, few whales have sold big numbers of Bitcoin in the past and we don't even noticed, there are more whales that will buy up these thousand pieces of Bitcoin in days, believe that, it has happened before and it will keep happening in future, so, brother whale, if you are listening to this, proceed and sell your Bitcoin, i will keep buying what I can afford and I will one day end up with good numbers of Bitcoin.
The same whales can't keep topping the chart of biggest holders for life, when the time is right there will be new readjustment among the biggest holders, it's nothing alarming.
If he will sell $37.8 million of bitcoins we WILL feel it. Bitcoin will go down because it's a huge sum. And considering that people are also will start selling Bitcoin as it goes down because of the panic, Bitcoin can go pretty low because of the whales. It's not happening all the time, but sometimes the market has a pretty strong reaction.