Bitcoin Inflows Spike on Binance Ahead of CPI Report
In the days before the U.S. Consumer Price Index (CPI) drops on April 10, 22,106 BTC, valued at roughly $1.8 billion, flowed into Binance.
Analyst from CryptoQuant believes this signals macro-driven repositioning. Factors like inflation uncertainty and Donald Trump’s newly announced 90-day tariff pause are top of mind for crypto investors.
Selling or Setup for Something Bigger?
Historically, big inflows to exchanges point to sell-offs. Traders often move coins to platforms like Binance when they plan to cash out.
On other hand some of the crypto experts thinks it may just be Binance bracing for a spike in trading activity. With Bitcoin already up above $80,000 mark on news of Trump’s tariff freeze — excluding China — the move could reflect growing investor confidence, not fear.
READ MORE:
U.S. Inflation Data Incoming: What to Expect
The real test arrives with the March CPI release. Analysts predict inflation could fall to around 2.5%, potentially setting off another BTC surge. Dyme, another market watcher, sees a similar upside if the numbers beat expectations.
Either way, Bitcoin’s fate now hinges on how the inflation data plays out.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
