Bitcoin inflows to Binance have seen a notable uptick over the past couple of weeks, coinciding with growing concerns about U.S. tariff policies under President Donald Trump and anticipation around the upcoming Consumer Price Index (CPI) report, according to market analysts.
While some believe the increase in exchange inflows could be a sign of potential selling pressure, others argue it might reflect increased optimism or preparation for volatility.
Funds Flowing Toward Binance Amid Uncertainty
In an April 9 update, Maarten Regterschot, a contributor at CryptoQuant, highlighted that Binance’s Bitcoin reserves grew by 22,106 BTC—valued at around $1.82 billion—over the last 12 days, bringing the total to approximately 590,874 BTC.
“This marks a significant surge in Bitcoin inflows to Binance,” Regterschot noted. “It’s likely that investors are reallocating funds to the platform amid macroeconomic uncertainties and ahead of the CPI release.”
At the time of writing, Bitcoin is priced at $82,474 on CoinMarketCap, up 8.8% in 24 hours, with momentum attributed to Trump’s announcement of a 90-day suspension on most tariffs—excluding China.
The U.S. Bureau of Labor Statistics is set to publish the CPI data for March on April 10, a key metric that could impact market sentiment.
During turbulent periods, it’s common for traders to transfer crypto assets to exchanges, either to prepare for selling or to position for rapid market moves.
Not Necessarily Bearish
Swyftx lead analyst Pav Hundal commented that large exchange inflows aren’t always indicative of bearish behavior. “It could point to selling intentions, but given how dynamic this market is, it’s also possible that Binance is loading up hot wallets to handle a surge in demand.”
“The days ahead will be pivotal in gauging how investors react to Trump’s tariff shift,” he added.
On April 9, Trump announced a temporary 90-day reduction in his administration’s “reciprocal tariffs,” lowering rates to 10% for all nations except China, which saw its rate jump to 125% due to its retaliatory trade measures.
“US-China trade tensions continue to cast a long shadow,” said Hundal.
Meanwhile, crypto analyst Matthew Hyland predicted the March CPI data would reveal inflation nearing 2.5%, adding that the market could be in for another major move.
Dyme, another prominent crypto commentator, shared a bullish view: “A CPI print below expectations would push prices higher.”
Economists surveyed by FactSet expect a 0.1% month-over-month rise in consumer prices for March. The previous CPI report, released March 12, surprised to the downside at 3.1%—beating the forecast of 3.2%—with headline inflation also showing a 0.1% decline.
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