GSR Markets Moves $5.6M in $LINK —A Sign of #selling ?

In the past 30 minutes, GSR Markets deposited 400,000 LINK to Binance, worth $5.6 million. These tokens were originally withdrawn from OKX and Binance back in February 2024 at an average price of $19.33.

If GSR decides to sell at current prices, they would be locking in an estimated $2.13 million loss.
Wallet address: 0x85997cF6a52Be5FA325110B839d0A9F0373F17C6

Is this a routine move, or is a major sell-off incoming?