Having 90M/1.8B "hot" seems reasonable, so guessing post is mistaken.
Discussion
Don't really know how to read this fully, but chart seems to show total balance over time. Definitely seeing the sudden drop from 2B to far less on tail end, but not sure that's all been hacked away. Having that much not cold stored (unhackable) seems unlikely. Expect we'll learn more soon.
Also strange is the 10x balance a few months ago 👀
it's probably just propaganda spin. people pulling out of risky shitcoin assets mostly. is the bitcoin price cratering? nope. holding steady just over 100k. the wider market clearly doesn't see there's much more downside to bitcoin. shitcoins, on the other hand, are always going to zero, as you know.