Post
Topic
Board Bitcoin Discussion
Re: Feds transferred BTC from seized Silk road wallet to Coinbase
by
philipma1957
on 04/04/2024, 23:00:31 UTC
Whatever. It's not a lot of money in the last 24 hours the trading volume of BTC was about $34 billion.
Even if they moved the 2 billion to sell all at once it's less then 10% of the average daily volume.
But it does make for an impressive headline.

-Dave


94,000 x 67,000 = 6.298 bilion

if we have 15,000,000 coins not lost it is

15,000,000 x 67,000 = 1005 billion or just over a trillion

6.298/1005 = 0.62667 %


So it should not move the price much at all.