I'm sane enough to understand where 5000 BTC would be in this market right now. Yes, it's a big amount, but not really when it comes to impact. In this market, there are tons of whale shark deals that on such a scale can cause additional confusion. The current situation has been bleak as many coins have dropped in price since hitting ATH, but the next dumping issue I am looking at is the worsening economic situation, not an easy recovery.
And what do you think when the miner deposited that 5,000 BTC into Binance also has the same thinking? Whale, shark or whatever small fish in the pond as well. This is what set the market in bearish mode with any sign that seems normal could be interpreted as the next dip, a new low -> more sellers than buyers and more volatility. Just like this thread.