US seizes 'largest ever' Bitcoin haul from man linked to Silk Road website

According to some older news from when Ulbricht was arrested he was living a humble student's life, sharing his flat with two others iirc. All the while having Bitcoins worth $29 millions on his PC.

I wonder if this will speak in his favor, implying that Silk Road was just intended as a proof of concept and he never intended to make money with a drug marketplace. But probably the sheer amount of money will be held against him and he'll be treated like some kingpin.

Either way, I pity this guy. The technology was pretty soundproof and a small slipup he made years ago now ruined his life. Why didn't he leave the country after it became obvious that SR started rolling?

what will this do to the BTC market when the feds liquidate their haul? Is it big enough to swallow a $29 million sell order?