Source: Cointelegraph Original: "{title}"

An analyst stated that due to the uncertainty surrounding President Trump's tariff policy and the upcoming release of the U.S. Consumer Price Index (CPI) results, the amount of Bitcoin flowing into the cryptocurrency exchange Binance has surged over the past two weeks.

However, another analyst believes that while this may signal an impending sell-off, it could also indicate a bullish trend.

Investors are "actively moving funds to Binance"

CryptoQuant contributor Maarten Regterschot noted in an article on April 9 that Binance's Bitcoin reserves have increased by 22,106 BTC, worth $1.82 billion, totaling 590,874 BTC over the past 12 days.

"This indicates that the inflow of Bitcoin to Binance is accelerating strongly. Investors are likely moving funds to Binance actively due to macro uncertainty and the upcoming CPI data," Regterschot said.

According to data from CoinMarketCap, as of the publication of this article, Bitcoin's trading price is $82,474, boosted by Trump's 90-day tariff suspension policy on all countries except China, with Bitcoin rising 8.8% in the past day.

Binance's Bitcoin reserve stands at 590,874 BTC. Source: CryptoQuant

The U.S. Bureau of Labor Statistics is set to release the March Consumer Price Index (CPI) results on April 10.

During uncertain times, traders typically move cryptocurrencies to exchanges for sale, leading to increased volatility as market confidence begins to wane.

However, Swyftx chief analyst Pav Hundal told Cointelegraph that this is not always a bearish signal. "Large inflows of funds may indicate a sell-off, but the market is very liquid. Binance may be moving assets to hot wallets to meet high demand."

"The next few days will be crucial for understanding the market's demand for cryptocurrencies following Trump's tariff policy concessions," he stated.

Earlier on April 9, Trump announced a 90-day suspension of his government's "reciprocal tariffs," reducing tariffs on all countries except China to 10%, while increasing tariffs on China to 125% in response to China's counter-tariff measures against the U.S.

"The tensions between the U.S. and China remain a structural pressure," Hundal said.

Meanwhile, cryptocurrency analyst Matthew Hyland stated that the CPI results for March "will show inflation is sharply declining, possibly close to 2.5%."

"Another interesting day," he added.

Cryptocurrency analyst Dyme remarked, "Lower-than-expected CPI data will drive us up."

However, FactSet's consensus estimate shows that economists expect a 0.1% month-over-month increase in consumer prices for March.

On March 12, the CPI data came in below expectations at 3.1%, better than the anticipated 3.2%, while headline inflation also decreased by 0.1%.

Related: The dollar index falls to a level where Bitcoin prices have risen over 500%

This article does not contain investment advice or recommendations. Every investment and trade carries risks, and readers should conduct their own research when making decisions.

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