Mt. Gox has started repayments in Bitcoin and Bitcoin Cash. It is not specified just exactly how much have been distributed and how much there is left however the decline of price of Bitcoin these previous days can be attributed back to this.
It is panic only and the market can absorb it well, immediately or gradually depends on the selling pressure from Mt.Gox.
Is big selling pressure good for Bitcoin investors who have been waiting for many months to get discount bitcoin?
Now they are given great opportunities that will be taken by intelligent and experienced investors.
I know with newbies, greed traders who use leverages, futures surely don't like this uncertain and chaotic week. They are not prepared for chaos in the market and face with margin calls, forced liquidations that make them sad and panic.
Additionally, Germany have also sold a huge chunk of their seized bitcoin in an operation against a piracy site last active almost over a decade ago. The exact reason why is unclear however many suspects that Germany is trying to liquidate the Bitcoins they hold to stabilize their economy.
Bitcoin market cap is small and if we compare it to economical size of any big nation, it is very smaller. Selling bitcoins to stabilize a national economy of Germany, one of biggest national economies, is unrealistic.