Is the Mt. Gox rehab plan the reason for the Bitcoin dump?

A rehab plan to compensate creditors from defunct centralized exchange Mt. Gox has been approved.

Mt. Gox trustee, Nobuaki Kobayashi announced in a letter. Details of timing, procedures and amount are forthcoming.

The repayments could lead to the distribution of more than $8.5 billion in Bitcoin.

In the last 24 hrs. Bitcoin's price has slipped as much as ~5.4%. Reaching a low of ~$56,610.

Is this the reason for the Bitcoin dip?