$BTC Sold 32 coins a month ago, now selling 3,588 coins a month later.

Once the door opens, it won't close.
The details are in the data: in June, 3,657 coins were added; in July, 3,588 were sold. Net holdings actually increased by 69. Selling is to repay debt, buying has never stopped.
But the market doesn't look at details; it only sees "sold again, and selling more and more."
From 32 to 3,588 in one month, what about next month?
Retail investors are panicking, which is normal.
But to be honest: institutions have quarterly reports, dividends, and debts to repay. They have to sell even when prices drop. The average person's only ace is not being forced to sell at a loss at the bottom.
As long as you don't use leverage or borrow money, time is on your side. Institutions are in a bigger hurry than you, so you don't need to rush.