Bitcoin inflows to Binance see ‘strong acceleration’ ahead of March CPI print
Bitcoin inflows into Binance have surged recently, increasing by 22,106 BTC, valued at $1.82 billion, in just 12 days, totaling 590,874 BTC. This rise comes amid market uncertainty over U.S. tariffs and the upcoming Consumer Price Index (CPI) results. Analyst Maarten Regterschot pointed out that investors are likely transferring funds to Binance due to macroeconomic uncertainties. Conversely, analyst Pav Hundal cautioned that while such inflows can indicate potential selling, they may also reflect Binance preparing for high demand. The CPI results set to be released on April 10 are anticipated to shed light on inflation trends, with some analysts predicting a significant drop in inflation close to 2.5%. This situation follows President Trump’s tariff adjustments, including a reduction on various countries while increasing tariffs on China. The outcome of the CPI announcement could influence market confidence in cryptocurrency investments significantly.
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