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I reckon that's generally true, but I'm trying to think through if it applies when composition of "the market" changes, e.g. when people that couldn't participate before (in lockup period) can participate now.

Is it still the case?

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No, the market prices are not decided by a group of uber employees selling or buying.

In general, trading is done between hundreds of hedge funds, each with at least 10B in assets. Uber employee trading is meaningless.

What does the assets of the fund have to do with anything? If a bunch of new sellers are (literally) unleashed, what matters is how much depth there is on the bid side of the order book.

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