The Trustee sold close to the 6th February bottom because he is a panic seller, not because he wanted to crash the market.
And he has only ~166k BTC left, not 180k as the article above claims. Hopefully the Court will forbid him to sell any more BTC.
I see.. I mean it's possible that he was just panic selling.. or not, we don't know what was on his mind or in his agenda. He could have been bought by someone that hates bitcoin in order to sell at certain times.
In any case, who is this creditor and why does he has this money? how can Court stop him from selling? did the US government or the Japanese government ever get all of Gox coins? I lost track of this case a long ago.
If they have the creditor controlled then why was he allowed to sell if it's not to pay the victims? I have so many question about the MtGox drama.
Last time I heard about MtGox news is that somehow Karpeles managed to keep a ton of BTC and he was now free and a billionaire which was pretty crazy to find out.
Edit: K, i just found it's some guy called Nobuaki Kobayash.
If you'll read the reddit thread I linked to in the thread you started, some of your questions would be answered.
The Court could forbid Trustee Kobayashi to sell bitcoins if there is no good reason to do so, also if the lawyers behind the CR petition persuade the Court to stop him.
The Trustee, under bankruptcy rules, and with approval of the Court, decided to sell enough BTC and BCH in order to cover all the approved bankruptcy claims (in JPY).
IMO he should have only sold BTC and BCH to cover for the ~48 million $ approved fiat claims, and let the BTC claims dealt with under CR rules (if CR gets approved).
Karpeles is free right now, but this may change, and he could become a billionaire, if CR will be rejected and bankruptcy distribution happens.