Karpeles wrote on Reddit that he has no MtGox claim, so even if there were about 100k BTC from fees, he doesn't expect any financial reward  from Civil Rehabilitation (I specifically asked him some time ago).
I suspect he would like CR to succeed, currently available funds be distributed, and then later he might recover some of the stolen BTC from Vinnik.

The triangle didn't even form properly and broke down, oh well...

Bearish scenario: that the whole 20 k$ to 6 k$ correction was wave A, we had the wave B to 12 k$ and now C could reach as low as 3 k$, but I am not convinced yet.
The market is oversold in 12h and 24h time frames, but there are signs of exiting the oversold condition, like the possible (tomorrow?) flip of 6h and 12h PSAR to bullish.
The bid side has also recovered somewhat on both GDAX and Bitfinex, so there is ammo to pump, traders just wait for improved indicators to join a pump.

No, I didn't sell my account, am just trying to keep an open mind.

The market was weak and didn't reach the 10 k$ I was hoping for (and more importantly, push the 6h, 12h and 24h MACD higher), and now the correction is worsening the indicators.
I compared the current movements (from 6th February) with those of September 15th - 25th 2017, and if the bullish scenario will still win, the market moves about 6x slower
and should start pumping strongly 5 - 6 days from now (but given the current weakness, the pump could fail). If this fails, then the bearish scenario becomes quite probable.

The market found support lower than I expected, but the bullish scenario is not dead yet. This support will probably be tested tomorrow,
and a bullish scenario needs the test to be followed by strong buys for the next 5 days, reaching 10 k$, then correct and form a triangle.

Yeah... well, I would have liked to know in advance about the Trustee's "apologies". His shorting buddies surely knew.

Possible, but surely I won't short now. To recover and continue with a bullish scenario, IMO price has to find support soon, and pump above 10 k$ (6h MACD to cross into positive) within a week.

Why did you set up the poll with a final bottom if 5 k$ support won't hold? We are still far from such very bearish scenarios.

Yes, the Trustee Kobayashi of the MtGox bankruptcy estate has enough fiat to meet (almost) all approved creditor claims (in JPY), under bankruptcy rules.
If bankruptcy would proceed further, the approved creditors would be paid, lawsuits settled, but Kobayashi or Karpeles wouldn't be in control of coins.
In control of the coins would be the Trustee of Tibanne bankruptcy estate, attorney Taro Awataguchi.
There is one way in which Kobayashi would stay in control of the remaining coins, if he screws the creditors (with the approval of the Court), by performing a full
distribution of the approved JPY claims under bankruptcy rules, and then the Court would allow MtGox to enter civil rehabilitation.

I certainly don't feel like a "relevant party", but as screwed party. But we should be aware that he could have screwed us much harder.
About his decision to market dump, Jesse Powell wrote this:

For the record, Kraken was asked many months ago for advice on how to sell a large block of coins. Our answer was:

1. don't sell coins
2. If you have to, do it with an auction, which Kraken can facilitate
3. If you want to do it more privately, let Kraken's OTC desk broker it for you

We were explicit about not dumping a large amount of coins on the market. Unfortunately, it looks like the trustee made their own decision or was taking advice from elsewhere -- maybe whatever exchange they dumped those coins on. We had zero knowledge of these sales happening until it was announced at the recent creditors' meeting. Unfortunately, we have no visibility in to where, how or why the trustee sold those coins, nor whether any precautions were taken to prevent front running or self-dealing. Hopefully, the trustee will make it clear what their process was and put the questions to rest.

https://www.reddit.com/r/mtgoxinsolvency/comments/82ykgu/re_the_dumpening/

After comparing the April - July 2013 (bottom was on the 6th July) corrections with the current one, I believe the market is only about 2 times slower than in 2013.
And in 2013 the April crash was excessive and messed up the Elliot waves, IMO there is no point to closely compare and draw misleading conclusions.
Back in June 2013 there were complaints on the forum that the Silk Road drug dealers were cashing out too much, these days that Kobayashi crashed the market.
But yeah, we didn't have much despair yet, so maybe we'll have a final bottom if the triangle (wait for the market to build it) will break down.

I would believe that we are in a bear market, if weekly MACD would cross into negative, but others may have a different TA.
The MtGox bankruptcy Trustee has no reasons to sell any more bitcoins soon, because he has secured the JPY for the bankruptcy proceedings.

In the 24h and 12h time frames, the market is oversold. In BTC trading, unless a bear market is confirmed, it doesn't stay oversold for long.

The Trustee didn't sell the highs, the worst part being the sale of up to 18,000 BTC on the 5th February. But he depressed the market further.
If this was incompetence or malice (like insider trading), it's hard to tell, we have to wait for precise data and compare dumps on various exchanges.
To trigger a bearish channel you have to sell a lot at an inflection point, where the market is undecided about the direction.

Report of the creditors meeting on March 7th 2018, Q&A Session, answer 4
https://mtgox-creditors.com/

I hope you didn't try to catch a falling knife (I know, it's not falling very hard, but still...) with a leveraged long?

No, the Trustee did no OTC deal, he sold on an (yet unknown) exchange. His own answer:

We sold them at the market price through the cryptocurrency exchange service provider from December 2017 through February 2018.
The difference between the sales figures for BTC and BCH was just the timing of suspending sales; therefore, we did not have any particular intention.

Summary of Questions & Answers by the Trustee, copied from the mtgox-creditors site:

Q1. What is the meaning of the following terms stated in the examination report submitted by the examiner on February 28, 2018?

– “the bankruptcy creditors (especially those having monetary claims corresponding to bankruptcy claims) who filed proofs of claims in the bankruptcy proceedings of Mt. Gox”;

– “the benefits already expected to be obtained in terms of the bankruptcy proceedings”; and

– “measures taken to ensure the benefits of the bankruptcy creditors”.

A1. It is the examiner that wrote the examination report. Therefore, we [the bankruptcy trustee] cannot answer regarding its contents. We will discuss and consider the future direction with the bankruptcy court.

Q2. Have you made a specific plan about the “measures taken to ensure the benefits of the bankruptcy creditors” stated in the examination report? Do you intend to make any effort for the commencement of civil rehabilitation proceedings as the bankruptcy trustee?

A2. We will discuss and consider the “measures taken to ensure the benefits of the bankruptcy creditors” with the bankruptcy court. We understand the examiner’s concerns regarding the issue. Therefore, we are ready to hear suggestions from creditors.

Q3. When the content of the “measures taken to ensure the benefits of the bankruptcy creditors” has been decided, will we have the opportunity to receive an explanation beforehand as creditors? Will I have a chance to state my opinion as a major creditor?

A3. We will notify the creditors of our plan once it is determined. We will hear the creditors’ opinions, and we would appreciate it if you could send us your written opinion.

Q4. When and how did you sell BTC and BCH? What was the difference between the sales figures for BTC and BCH? Have you obtained any information from the U.S. Department of Justice on the disappearance of BTC?

A4. We sold them at the market price through the cryptocurrency exchange service provider from December 2017 through February 2018. The difference between the sales figures for BTC and BCH was just the timing of suspending sales; therefore, we did not have any particular intention. We have not obtained any information from the U.S. Department of Justice.

Q5. Please explain the current situation concerning the bankruptcy claims assessment procedure applied for by CoinLab, Inc. Do you have any plans to pursue the liability of officers?

A5. We do not have any specific ideas on settling the case for the time being, but we may consider that depending on the future situation. We did consider suing Mr. Karpelès, but now it does not seem to be productive because he has gone bankrupt.

Q6. Why don’t you distribute funds to the creditors even though there is enough cash in the bankruptcy estate?

A6 We obtained the cash recently by selling BTC and BCH. With respect to distribution, there is an issue concerning assessing the amount of BTC creditors’ claims; therefore, it is difficult to determine whether proceeding with the distribution process would be desirable for the creditors.

Q7. I think it is unjust to distribute the remaining assets to the shareholders of Mt. Gox. Why don’t you proceed with the civil rehabilitation proceedings as Mt. Gox’s bankruptcy trustee?

A7. We apologize if we have previously provided a misleading explanation, but we do not oppose transferring these bankruptcy proceedings to civil rehabilitation proceedings. We understand the examiner’s concerns on the issue; however, it is the Tokyo District Court that has to decide whether to commence civil rehabilitation proceedings.

Q8. I think it has taken far too long to proceed with the bankruptcy proceedings. Is this due to the bankruptcy trustee neglecting its duties?

A8. We recently obtained more than 40 billion yen (400 million dollars ) by selling BTC and BCH. With respect to distribution, there is an issue concerning assessing the amount of BTC creditors’ claims; therefore, it is difficult to determine whether proceeding with the distribution process would be desirable for the creditors.

Q9. I have never heard about the sale of BTC and BCH. Why did you sell them when the market price of BTC crashed? Why did you sell them in such a hurry? Is selling BTC and other assets part of the “measures taken to ensure the benefits of the bankruptcy creditors” as pointed out by the examiner?

A9. From the outset of the bankruptcy proceedings, we informed all relevant parties that we were going to sell BTC and BCH at the appropriate time. We discussed this with the Tokyo District Court and decided when we should sell them. Some creditors were of the opinion that we should sell BTC and BCH soon. We believe that obtaining a lot of funds made it possible for us to take the “measures taken to ensure the benefits of the bankruptcy creditors”.

The market is oversold, so IMO a local bottom is in or will be in tomorrow, unless there's other unknown reason than TA for the dumping.
Daily MACD just crossed into negative, but this isn't too bearish if if will recover soon. On the contrary, it could provide a good entry point when it will cross back into positive.
I am expecting the market to build a triangle, that could take about a month to resolve up or down. If up, then slowly moving (at first) towards ~30 k$.
If it will break down, then probably we'll see a final bottom around 5,000 $.

My feeling is that it's like June 2013.

Unfortunately the media has picked up the ill-inspired statement of the Trustee: "I plan to consult with the court and determine further sale of BTC and BCC."
He has no reason to sell any BTC now, but the media could turn this into a self-fulfilling prophecy: some large BTC owners to panic sell because of the statement, making the Trustee to panic sell again.

Under bankruptcy rules, only in JPY. If Civil Rehabilitation gets approved, fiat creditors 100% back in JPY, BTC creditors about 4.5% in JPY, and the rest possibly in BTC.

PS. I am disappointed no one merited my "Liquidator Brunt Kobayashi" post, I thought it was funny...