I've heard that a lot in the last week or so (Mt Gox reason). But it doesn't make much sense to me, since there was no dump on the market at once, but the BTC was sold incrementally over three or four months. In fact, I think it overlaps with when the market skyrocketed. So I'm skeptical as to this being the reason for the current drop.
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The trustee dumped 18000 btc one day and selling 400 million dollar in btc, bth in total at key points when the markets bottomed. That's definitely has effect on the price.