Did This Recent Dip of BTC & Altcoins a result of 8,200 BTC Transfer?

Look at how the market would react if there is a major exchanger transferred 8,200 units of Bitcoin to one or a few wallets in a span of 24 hours!

image source: www.coinmarketcap.com

This is a possible reason if a major sell-off from an exchanger or trading site takes place just like what happened in Mt. Gox wallet transferred to another wallet.

It is reported and observed that four wallets transferred around 2,000 BTC each and sold to fiat in Yen currency last May 11 (Yesterday)

Resulting to a major dip of almost all crypto-currencies and for us steemians, I am always checking the value of SBD and Steem into pesos.

I was shocked to check the value of SBD when a friend @mermaidvampire asked for some help exchanging 1.000 SBD and convert it to a prepaid credit. One unit of SteemBacked Dollar is valued around 115.00 Philippine pesos @ around 7:00 PM here.

I have recently checked and Mt. Gox was able to dispense around 200,000 Units of Bitcoin in a short period of time.

As a fraud analyst and a crypto-enthusiast, and Anti-Money-Laundering advocate, this definitely rings a bell and raising a red-flag so putting everyone alerted on this matter!

Mt. Gox executives can utilize the OTC or Over The Counter Market exchange directly for large-scale investors for purchase of thousand units of Bitcoin!

So, the Mt. Gox executives have considered to exchange the funds on cryptocurrency exchangers creating this domino effect across all trading sites making the crypto-market to drop by significantly huge margins.

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Do you think this is all the case of what happened yesterday?