Yeah, I understand the way it works, but was just making a point that there is a lot more at play here than just a few hundred thousand BTC being sold over a several month period. My point here is while I agree it certainly had some impact, we're probably talking a fraction of the total BTC sold in that period of time. In fact, I wouldn't at all be surprised if the "news" of the 200,000 BTC being sold had more of a FUD factor sell off than the actual selling of 200,000 BTC being sold, but who knows. It is a big market and there are so many things at play in the world these days.
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Of course. It cant be all this alone, even though sudden releases of bitcoin also triggered bot selling which react to speed of price decrease, which in turn reinforced FUD / panic selling and so on.
True. The articles I read on that stated the 200,000 BTC being sold was over several months (Dec. '17 - when the article came out) and I don't recall it implied it was all sold yet or not. So who knows.