Massive Bitcoin inflows to Binance ahead of CPI report — is BTC price crash incoming?

The Bitcoin entrances to the Binance have jumped in the past 12 days while the communication titles of the IPC today – are investors vigilant for sale?

In his recent PublishMaarten Regterschot of Cryptotics pointed out that around 22k Bitcoin (BTC) – worth around 1.82 billion dollars – have been transferred to Binance in the last 12 days. This brought the total BTC reserves of the exchange to approximately 590,874 BTC.

“This shows a strong acceleration in the BTC in the Binance,” wrote Regterschot. “It is likely that investors actively move funds to Binance due to macro uncertainty and before the announcement of the upcoming IPC.” he wrote.

The American Labor Statistics Bureau should publish the CPI report today, April 10. The IPC should display an increase of 2.6% in annual sliding. A Reuters survey of economists suggest that the index probably increased by only 0.1% per month, reflecting a slowdown in inflation driven by the drop in energy prices and the decreasing impact of price increases at the start of the year. In February, the IPC climbed 0.2%.

If IPC projections remain true – showing a modest monthly increase of 0.1% and an annual rate of 2.6% – it would strengthen the hopes of buyers that inflation is busy, which could potentially facilitate pressure on the federal reserve to maintain a narrow monetary policy. This would be considered a positive signal for risk assets like Bitcoin.

In this context, the push of BTC entries to the Binance cannot necessarily indicate an imminent sales pressure, but rather a strategic positioning. Traders could move their BTC to Binance in anticipation of price volatility, preparing for fast or derivative professions following a favorable CPI report. Like the main analyst of Swyftx Pav Hundal said Cointelegraph, these entries can simply mean that the binance transfers assets in its hot wallets to meet growing demand.

However, entries could always reflect the cover behavior, even if the IPC is soft. Some investors could prepare for a scenario of “selling the news” – perhaps expecting that a favorable CPI print can already be evaluated, especially after the Recent price action After Trump’s price break. Bitcoin is currently negotiated at $ 89,636, up more than 7% in the last 24 hours.

Regardless of what CPI will show, it seems that there is more in the history of BTC entrances in Binance. A commentator Alex Metric said The amount of entry is actually tiny, noting that during the last 30 days, Binance has experienced a net output of 888.9 BTC. “You only show the last part with a magnifying glass,” he wrote.