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Proof.
Unsold
http://www.tf2outpost.com/trade/8937908 (3 keys 1 ref)
http://www.tf2outpost.com/trade/8945395 (4 keys painted white)
http://www.tf2outpost.com/trade/8933857 (4 keys painted TS)
http://www.tf2outpost.com/trade/8709595 (4 keys painted BaF, possible willing buyer)
http://www.tf2outpost.com/trade/8773045 (4 keys, 1 week)
http://www.tf2outpost.com/trade/8811727 (4 keys, 4 days)
http://www.tf2outpost.com/trade/8889397 (Bp.tf, 3 days)
http://www.tf2outpost.com/trade/8950035 (5 keys painted white)
Most trades are under a day old and some have willing buyers. Like for example http://www.tf2outpost.com/trade/8811727, see in comment. I don't think that must be a reason to drop that hard. Even bill's hat can take a day to sell at 8 keys..
It's why I said 4 days. I put it there because it doesn't seem sold. We'll wait and see if that trade has another buyer.
Sorry downvoting, market price still meets 4 keys often, if you swop to 3-4 keys i may accept that.