I wonder why a lot of people pay so much attention to what is transferred to an exchange. If it is a huge amount owned by a whale and he is ready to droop what he is holding to buy lower based on his strategy, then so what? The market was already in a huge downtrend even before then, I just find it not so interesting when people just keep panicking for no reason at all. Whichever way, it is a market, and funds can be moved around as pleased by anyone.
Maybe they panic and want to find a reason about this long bearish market or they pay attention to it because they want to get a topic for FUD, whatever their reasons I think they are wrong, I completely agree with your view, actually, a big transaction to the exchange does not mean anything because we don't know the intention of the asset owner