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Bitcoin Flooding Into Binance Ahead of CPI Announcement
As the United States is about to release its highly anticipated Consumer Price Index (CPI) report, a significant surge in Bitcoin inflows into Binance has been observed. The data suggests that investors are preparing for potential market volatility by transferring their digital assets to the cryptocurrency exchange ahead of the crucial economic indicator.
According to CryptoQuant analysis, the Bitcoin reserve on Binance increased by a substantial 22,106 BTC, resulting in a total balance of 590,874 BTC as of April 9. This notable increase is likely attributed to investors seeking refuge at the popular platform amidst macroeconomic uncertainties.
Source: https://cryptopotato.com/bitcoin-flooding-into-binance-ahead-of-cpi-announcement/
