Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two public exchanges. Some critics believe Kobayashi's sales put so many Bitcoin back into circulation, that the sales contributed to severe drops in the price of Bitcoin. Bitcoin has declined 51.6 percent since its Dec. 17 peak of almost $20,000, and it is suspected that Kobayashi was a significant factor in the decline.
It has sucked the crypto market, and the effect can be seen on the steem too, who sells this much of amount to a single person.?