Post
Topic
Board Bitcoin Discussion
Re: Feds transferred BTC from seized Silk road wallet to Coinbase
by
retreat
on 05/04/2024, 06:10:21 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

I also think that way. 2 billion dollars compared to Bitcoin trading every day is only a few percent. Moreover, Coinbase is not stupid enough to accept trades like that, they must have had calculations and planned to accept Bitcoin gradually, not all at once - because they also thought about the impact of that.