Here are 3 reasons why I think the 144000 BTC (8.5 Billions dollar) that will be drop on Exchanges by the liquidator of Mt Gox won't crash the market in 26 days:
1 - Most Mt Gox victims that was a weak hand was offered to sell his position to a third party for 14000$ in 2018. Majority did. So very few of the victims should sell at "any" price.
2 - There are big institutionals that are buying. They can swallow this 144000 BTC.
3 - The liquidator will be sending most of the 144000 BTC to Exchanges wallets of the victims. Previously the liquidator was selling the BTCs and it was suspected of crashing the market.
144000 BTC is a lot. Last week it took only 840 BTC to create the flash crash to 8500$ at Binance.us because their order book on the spot Exchange is 2000 BTCs at the most at anytime. But I think Mt Gox liquidator will spread the 144000 BTC drop over many days to prevent a crash. https://www.coindesk.com/markets/2021/10/21/bitcoin-price-flash-crash-on-binanceus-attributed-to-trader-algorithm-bug/
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