With today’s release of CPI data on looms, Bitcoin’s inflows into Binance have skyrocketed over the past 12 days. Do investors stand sales?
In a recent post on X, Cryptoquant’s Maarten Regterschot pointed out that over 22K Bitcoin (BTC) (approximately $1.82 billion) has been transferred to Binance over the past 12 days. This brings the exchange’s total BTC reserves to approximately 590,874 BTC.
Source: x cost by cryptoquant.com
“This shows Binance’s strong acceleration of BTC inflows,” writes Regterschot. “Investors may be actively moving their funds to Binance ahead of macro uncertainty and future CPI announcements,” he wrote.
The U.S. Bureau of Labor Statistics is scheduled to release its April 10th CPI report today. CPI is expected to increase by 2.6% year-on-year. An economist Reuters survey suggests that the index likely rose just 0.1% a month, reflecting a decline in energy prices and the impact of early price increases. In February, CPI rose 0.2%.
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If CPI forecasts are true – if they show a monthly increase of 0.1% and an annual rate of 2.6%, they could potentially maintain monetary policy to strengthen hopes that inflation is being eased and ease pressure on the Federal Reserve. This is considered a positive signal for risky assets like Bitcoin.
In this context, the surge in BTC inflows may not necessarily indicate impending sales pressure, but rather strategic positioning. Traders may move BTC to binance in anticipation of price volatility and prepare for quick spot or derivative trading according to a favorable CPI report. As Swyftx lead analyst Pav Hundal told Cointelegraph, these influxes may mean that Binance is moving assets into hot wallets to meet the growing demand.
However, even if the CPI is soft, influx may reflect hedging behavior. Some investors may be preparing for a “sell news” scenario. In particular, they may be hoping that even a favorable CPI print could already be priced after the recent price action after Trump’s tariffs suspend. Bitcoin is currently trading at $89,636, an increase of over 7% over the past 24 hours.
Regardless of what the CPI shows, there seems to be more to the story of the Binance BTC influx. One commenter Alex Metric said the inflows are actually small, noting that Binance has experienced a net spill of 888.9 BTC over the past 30 days. “You’re just showing the last part with a magnifying glass,” he wrote.
It is a biased, pessimistic review, the volume is small, and over 30 days the rate of spreading outflow is negative (-888.9BTC). pic.twitter.com/ebtlsvjqsx
– Alex Metric ⚡ (@alexmetricbtc) April 10, 2025
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