If Satoshi Nakamoto sells his bitcoin holdings (estimated at around 1.1 million bitcoins), it will lead to:

1. Collapse of trust in the market:

Many people consider Satoshi a symbolic figure, and his silence for years is understood as him not intending to intervene. His sudden sale of bitcoin may be interpreted as a sign of lost trust in the project.

2. Sharp decline in price:

Selling such a massive amount (worth tens of billions of dollars) will flood the market with supply and may lead to a sudden and significant drop in price.

3. Panic in the market:

Investors will act out of panic, which will multiply selling actions, thus deepening the collapse.

4. Intervention by exchanges and regulatory bodies:

Trading platforms may freeze or limit transactions, and regulatory authorities may move to investigate.

5. Long-term impact on Bitcoin's reputation:

Trust in the system may be shaken, and institutional interest may decline, at least temporarily.

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