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.
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. Despite a huge sell out, Germany still holds almost 30,000 bitcoins.
These two events contribute to the decline of bitcoin's price. Frantic investors have all sold their bitcoin in fear but if you know better, you know this is the right time to buy and accumulate as much bitcoin as you can.
This panic does not only originate from Mt. Gox, the German and US governments and several miners are also doing the same thing because the decreasing income from the halving requires them to sell some bitcoin to cover the increasingly expensive development costs. The large selling power in the market does attract the attention of panic sellers, but on the other hand, those of us who have cold funds will be grateful because we can buy in an ideal area. Maybe there will still be a decline during Mt. Gox distributes Bitcoin to its customers who have been waiting for their assets for a long time. The distribution duration takes up to months, peaking at the end of this year we can see the resilience of Bitcoin's value in a fairly deep area.