The Bitcoin (BTC) stocks of the large crypto binance have been growing rapidly for weeks. Despite the current market situation that suggests a bear (negative) interpretation, this trend could also be a bullish (positive) signal – especially with a view to today.
BTC inflow to Binance increases strongly
According to an analysis of the cryptoanalyst marten, rain -sheet on cryptoquant have flowed into the wallets of Binance in the past twelve days. This increases the total stock of the stock exchange to 590,874 BTC, which corresponds to a value of around $ 48.4 billion if the course is current.
“This shows a strong acceleration of the BTC inflow to Binance. Probably investors are actively relocating capital to the stock exchange-due to macroeconomic uncertainty and in expectation of today’s CPI publication,” explains Regterschot.
The CPI (Consumer Price IndexUS consumer price index) measures the average prices for goods and services. The upcoming publication is considered an important economic impulse provider – also for the Cryptoma markets.
Market uncertainty increases sales pressure
The increase in BTC stocks at Binance coincides with a phase of considerable uncertainty. The trade conflict of US President Donald Trump has further tightened in the past few days. Experts already warn of possible negative effects of his economic policy.
The fact that investors are increasingly transferring Bitcoin to stock exchanges can be an indication of impending waves of sales – especially if today’s inflation data is higher than expected.
An additional indicator: Short-term BTC holders (less than 155 days) are currently on average in the red. This means that many traders are currently listing losses – a classic pattern of larger references.
A bullish interpretation also possible
However, the massive BTC inflow is not rated as negative by all market participants. Some see it more of a sign that Binance increases its stocks in order to be prepared for potentially increasing demand.
In current economic uncertainty Bitcoin as an alternative “safe harbor” asset. The increasing interest of institutional and private investors in BTC fits this assessment.
Some analysts therefore see the current price situation as a cheap chance of starting. Yesterday, Trump’s decision to initially expose new import tariffs by 90 days (with the exception of Chinese products), already led to a positive market reaction. Another positive CPI value could have the same effect today.