Bitcoin Inflows to Binance Spike — Is the Market Bracing for a Selloff?
Bitcoin (BTC) inflows to Binance have sharply increased over the past two weeks, signaling heightened market activity. Analysts point to two main drivers: growing uncertainty surrounding the upcoming US Consumer Price Index (CPI) data and the recent tariff-related policy shifts by President Trump.
While some view the increased movement of BTC to Binance as a potential sell signal, others believe it could indicate the start of a bullish phase for the cryptocurrency market.
Investors Shift Capital to Binance
CryptoQuant contributor Maartje Regterschot noted in an April 9 report that Binance’s BTC reserves grew by 22,106 BTC over the past 12 days — worth approximately $1.82 billion — bringing the exchange’s total holdings to 590,874 BTC.
“This data shows a significant acceleration in Bitcoin inflows to Binance. Investors are likely moving funds in anticipation of macroeconomic shifts and the CPI announcement,” Regterschot wrote.
According to CoinMarketCap, Bitcoin was trading at $82,474 at the time of writing — an 8.8% gain over 24 hours. The price uptick followed Trump’s decision to temporarily suspend tariffs on imports from all countries except China for 90 days.
Uncertainty and CPI Release Loom
The US Bureau of Labor Statistics is expected to release March’s CPI report on April 10. Typically, during uncertain periods, traders move assets to exchanges like Binance, increasing the potential for selloffs and contributing to market volatility.
However, Swyftx’s lead analyst Pav Hundal offered a different perspective to Cointelegraph, suggesting that “massive inflows might not be just about selling — it’s possible Binance is moving funds to hot wallets in preparation for demand spikes.”
He added, “The coming days will be crucial for understanding how markets react post-tariff freeze.”
China Tariffs and Inflation Concerns
On April 9, President Trump announced a 90-day delay on certain reciprocal tariffs, reducing the overall global rate to 10%, while raising China-specific tariffs to 125% in retaliation.
Hundal commented that “tensions between the US and China remain a structural risk factor.”
Meanwhile, crypto analyst Matthew Hyland predicted the March CPI could show a significant drop, potentially down to 2.5%, stating it could be “another interesting day” for crypto markets. Analyst Dime echoed this, noting that a CPI below expectations would likely lead to further market gains.
Yet, FactSet’s consensus forecast suggests a 0.1% rise in March CPI compared to the previous month. Notably, February’s CPI — released March 12 — came in at 3.1%, below the expected 3.2%.