I see this approach differently than you.

Panic will always occur when people see like 5,000 BTC, 10,000 BTC is deposited from a personal wallet to an exchange address. This approach to prolong distribution to Mt.Gox victims will expand the uncertain period in the market for several months. If they distribute bitcoin all at one time, market will be panic and have a price fall but after that, it will surely recover.

Who sell will sell, who hold will hold, no more reason to be panic but prolonged distribution means the pain will be prolonged to the future too. It can be used to manipulate the market and play as a barrier to prevent Bitcoin take-off too soon. We will likely see a take off in 2025, not in 2024.