A15) As in sales from December 2017 to February 2018, upon consultation with cryptocurrency transaction experts, Bitcoin and Bitcoin Cash were sold in a manner that had no effect on
market price and not by ordinary sale on an exchange
Wasn't there a paper that showed a strong correlation between a the time of the bitcoin transfers from MtGox and subsequent strong decreases in BTC prices?
Right. Just in general, someone who wanted Bitcoins got them, and if they hadn't they would have most likely sought to acquire them by other means. Of course it has a market impact.
If the market assumes "coins are moving" to be equivalent with "coins are being sold", then the market is stupid.
The coins could have been moved around for other reasons than to sell them. The coins could also have been sold at certain price at a certain time, but with a contract that says it won't be moved until a time in the future.
The market did not react to coins being sold. It reacted to coins being moved and it made certain assumptions.
As far as I can see, the trustee has done everything correct regarding the sale (not flooding the market). It's just the market that is so volatile that it reacts to every tiny thing that happens.
>The coins could have been moved around for other reasons than to sell them.
In general yes, but for those coins in particular no. All of the coins were swept into the trustee's wallet. At that point the trustee could not do anything with those funds other than to sell off some of them. If all of the funds were moved then sure, maybe it's some other reason or the trustee was handing control over to another party or something, but only moving a portion of the funds after they had all been secured without touching the rest can only mean one thing.
I don't remember if the post mentioned the specific receiving addresses but it's actually possible to look at where the coins were sent to to figure out if they belong to an exchange.
Q15) How was the Bitcoin and Bitcoin Cash sold?
A15) As in sales from December 2017 to February 2018, upon consultation with cryptocurrency transaction experts, Bitcoin and Bitcoin Cash were sold in a manner that had no effect on market price and not by ordinary sale on an exchange
Wasn't there a paper that showed a strong correlation between a the time of the bitcoin transfers from MtGox and subsequent strong decreases in BTC prices?