Massive Bitcoin inflows surge at Binance ahead of March CPI – Is a rally imminent?
Portfolio Pulse from
Bitcoin reserves at Binance have increased by over 22,000 BTC in less than two weeks, potentially indicating strategic accumulation before the upcoming U.S. Consumer Price Index (CPI) announcement. The cryptocurrency is currently trading around $81,715, trapped in a descending wedge pattern with potential for significant price movement.
April 11, 2025 | 2:15 am
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POSITIVE IMPACT
Bitcoin reserves increased, MVRV ratio climbed, and 75.90% of addresses remain profitable, suggesting potential bullish momentum ahead of CPI report.
Large Bitcoin inflows, high percentage of profitable addresses, and strategic whale accumulation suggest potential upward price movement before CPI report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100