Bitcoin inflows to Binance see ‘strong acceleration’ ahead of March CPI print
Summary
Bitcoin inflows to Binance increased significantly, with a rise of 22,106 BTC (worth $1.82 billion) over 12 days, totaling 590,874 BTC. This surge is attributed to macroeconomic uncertainty and the upcoming US Consumer Price Index (CPI) announcement. Bitcoin is trading at $82,474, up 8.8% following President Trump's 90-day tariff pause on all countries except China. Analysts suggest that large inflows could indicate either a sell-off or a bullish trend, as traders often move assets to exchanges during uncertain times. The CPI results, expected to show inflation around 2.5%, are anticipated to impact market sentiment. FactSet estimates a 0.1% month-over-month rise in consumer prices for March.
