I've seen that claim floating around for the last couple of days.
So, I decided to take a closer look at the Bitcoin data.
The chart below breaks down the number of $BTC trades on Binance by trade volume categories (50k, 100k, 500k, and 1m).
- For trades above 50k and 100k: Buys outnumber sells.
- However: When it comes to trades with a volume of 500k, the number of sells is nearly double that of buys. For trades above 1M, sells outnumber buys by three times.