Will the price move up or down? - On one hand, peeps might think, "ZOMG! He's cashing out! Get out while you can!!!" And the price will go down like a fat kid on a see-saw. - On the other, peeps might start buying like crazy in the excitement of his appearance. "ZOMG! HE'S ALIVE!!!!" Suddenly the price skyrockets to $100K/coin. Discuss?
large blocks traders don't go direct to an exchange (unless they're an idiot). they use OTC (Over The Counter) intermediaries... https://bravenewcoin.com/news/smart-money-and-otc-trading-how-the-1-percent-buy-crypto/
People who can't succeed in the real economy, and they choose to trust a faceless nameless Satoshi. Unbelievable.
When did it ever happen price going up after a large block sale? But anyhow, suddenly the supply being 8% more? Sure it boosts price....
So people don't trust the government and rather trust a faceless nameless Satoshi. At least the government tells you if a QE/QT is coming.