Slightly different opinion, knowing that the author made a mistake, it was not about millions of $BTC, but rather that it referred to Bitcoin worth millions of dollars. However, this is still an incorrect statement, as this is only Binance's hot wallet. If it were OKX or Bitget, it would not represent a sell-off by the exchange itself.

The transfer of hot wallets could be an adjustment between the exchange's hot and cold wallets, it could be user withdrawals, or it could be users transferring to other exchanges or addresses. To refer to the withdrawals from the hot wallet as a sell-off is incorrect.

On the contrary, if a large amount of Bitcoin were transferred to Binance or other exchanges, it would be more likely to be considered a sell-off. Additionally, if Binance truly needed to sell, they would not transfer to other exchanges to do so; wouldn't it be better to sell on their own exchange?

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