Bitcoin inflows to Binance see ‘strong acceleration’ ahead of March CPI print
The surge in inflows to crypto exchange Binance, amid macroeconomic uncertainty and upcoming CPI results, has analysts split on whether it’s a bullish or bearish signal.
Bitcoin inflows into crypto exchange Binance have surged over the past two weeks amid uncertainty over US President Donald Trump’s tariffs and the upcoming US Consumer Price Index (CPI) results, says an analyst.
However, another analyst argued that while it could signal an impending sell-off, it might also indicate a bullish trend.
CryptoQuant contributor Maarten Regterschot said in an April 9 post that Binance’s Bitcoin (BTC) reserve increased by 22,106 BTC, worth $1.82 billion, over the last 12 days to a total of 590,874 BTC.
