A slightly different opinion here: we know the author made a mistake. It’s not about 'millions of BTC,' but rather 'Bitcoin worth millions of dollars.' However, this is still an incorrect statement. This is just Binance’s hot wallet. If it were OKX or Bitget, it wouldn’t represent the exchange itself selling off either. The movement of a hot wallet could be due to adjustments between an exchange’s hot and cold wallets, user withdrawals, or users transferring to other exchanges or addresses. Calling hot wallet withdrawals 'sell-offs' is inaccurate. On the contrary, if a large amount of Bitcoin were transferred to Binance or other exchanges, it would be more likely to indicate a sell-off. Besides, if Binance really needed to sell, they wouldn’t transfer to other exchanges to do so—they’d sell directly on their own platform, wouldn’t they?