An analyst says that Bitcoin’s flows to the exchange of encryption have risen over the past two weeks amid uncertainty about US President Donald Trump’s tariff and the results of the upcoming consumer price index (CPI).
However, another analyst has argued that although he could indicate an imminent sale, it may also indicate a bullish trend.
Investors “transfer money activity to Binance”
Martin Richot Cell shareholder He said In April 9th (Binance) (Binance’s Bitcoin)BTCThe reserve increased by 22,106 BTC, by $ 1.82 billion, over the past 12 days to a total of 590,874 BTC.
“This indicates a strong acceleration in BTC flows to Binance. It is likely that investors are actively transferring to Binance due to the total uncertainty and before announcing the upcoming consumer price index,” said Richot.
Coinmarketcap He appears Bitcoin is trading at 82,474 dollars in publication, an increase of 8.8 % last day after receiving a 90 -day definition in all countries except China.
The Binance’s Bitcoin Reserve contains 590,874 Bitcoin. source: Cryptoquant
The US Labor Statistics Office is scheduled to provide the results of the consumer price index for the month of March on April 10.
During unconfirmed times, Merchants often move their encryption On exchanges for sale, which leads to more Volatility Confidence begins to decline.
However, the lead SwyftX analyst Puff Hondall told CointeleGraph that this is not always a declining signal. “Large flows can be a sign of sale, but it is a very fluid market. It is reasonable that Binance converts the assets into their hot portfolios to meet intense demand.”
“The next few days is very important in understanding the appetite of the market for encryption after Trump climbed to the definitions,” he said.
Earlier in April 9, Trump released a 90 -day stand In the “mutual tariff” of its administration, the tariff rate reduced to 10 % on all countries besides China, which turned to 125 %, citing the country’s miracles against the United States.
“The tensions between the United States and China are still structurally hanging,” Hindal said.
Meanwhile, Matthew Hayland He said The results of the March CPI “will show that inflation has probably decreased by approximately 2.5 %.”
“Another interesting day is coming,” added.
Dyme encryption analyst He said“Printing the consumer price index is less than expected, it will send us higher.”
However, FactSet Compatibility Estimates Economists expect an offer that consumer prices will rise by 0.1 % month in March.
On March 12, consumer price index It came in less than expected by 3.1 %Overcoming expectations by 3.2 %, with a decrease of 0.1 % in inflation numbers.
magazine: Mechanin is deviated from a pioneering anti -aging research
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
publish_date
