Bitcoin Reserves Surge at Binance Amid Macroeconomic Uncertainty

In less than two weeks, Binance has seen a massive influx of over 22,000 BTC, pushing its Bitcoin reserves from 568,768 BTC on March 28 to 590,874 BTC by April 9. This significant increase highlights heightened investor activity, likely driven by macroeconomic concerns and anticipation of the U.S. Consumer Price Index (CPI) announcement. While some view these inflows as a potential precursor to selling pressure, others see it as a strategic accumulation ahead of market-moving events. The timing suggests traders are positioning themselves in response to broader financial uncertainty, underscoring Bitcoin’s evolving role as both a risk asset and a hedge. As the CPI data looms, the crypto market remains on edge, with Binance’s growing reserves serving as a key indicator of investor sentiment.

Massive Bitcoin Inflows Surge at Binance Ahead of March CPI

Over 22,000 BTC have flowed into Binance within a span of less than two weeks, increasing the exchange’s Bitcoin reserves from 568,768 BTC on 28 March to 590,874 BTC by 9 April. This sharp rise in reserves reflects growing investor activity, possibly triggered by fears surrounding macroeconomic uncertainty and the looming U.S. Consumer Price Index (CPI) announcement. While some may interpret these inflows as a sign of potential sell pressure, others believe that it could be strategic accumulation in preparation for market volatility. On-chain metrics supported bullish sentiment with strong holder profitability and key price support zones.

Bitcoin Holds The Line—But Can It Bounce Back or Break Lower?

Bitcoin price started a fresh increase above the $80,000 zone but is now correcting gains. It is trading above $79,500 and the 100 hourly Simple Moving Average (SMA). A new connecting bearish trend line is forming with resistance at $80,500 on the hourly chart. The price could start another increase if it clears the $80,500 zone. Earlier, Bitcoin formed a base above the $77,500 zone and gained pace to move above the $79,500 and $80,000 resistance levels, reaching a high of $83,548 before starting a downside correction.

Charles Hoskinson Predicts Bitcoin Could Hit $250,000

Blockchain entrepreneur Charles Hoskinson predicts that Bitcoin could climb as high as $250,000 by the end of this year or 2026. He believes adoption by major technology companies and clearer regulations will drive the next wave of growth in the cryptocurrency market. Speaking to CNBC, Hoskinson said investors are likely to adjust to the current macroeconomic environment. He added that once markets stabilize and the US Federal Reserve lowers interest rates, capital would start flowing back into digital assets.

Binance Leads Spot Trading Volume Despite Market Correction

For the last two months, cryptocurrencies have been in correction mode, with spot trading volume for Bitcoin (BTC) and altcoins declining significantly. Despite this decline, Binance has continued to lead other platforms in spot trading volume, with its share increasing by the end of the first quarter. According to a report from CryptoQuant, bitcoin’s spot trading volume on exchanges fell from $44 billion to $10 billion, and the total altcoin spot trading volume plummeted from $122 billion to $23 billion within the same period.

Tariff Pressures and Mining Costs Strain Bitcoin’s Price

U.S.-China tariffs have raised Bitcoin mining costs, impacting operational efficiency. Bitcoin faces slower hash rate growth amid geopolitical tensions and higher tariffs. market sentiment has turned bearish, with rising short positions and extreme fear signals. Bitcoin’s recent 28% correction has coincided with these tensions and increased uncertainty across global markets. A 104% tariff imposed by the Trump administration directly affects the Bitcoin mining industry, causing price pressure due to market fears and potential operational setbacks for mining companies relying on Chinese-manufactured equipment.

US Crypto Miners May Rush to Buy Rigs Despite Tariff Disadvantage

US Bitcoin mining firms will attempt to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs. However, industry executives note that the baseline 10% tariffs will still leave the industry at a disadvantage compared to foreign competitors. President Trump paused hefty reciprocal tariffs until July 8 but kept a minimum 10% tariff on most countries, with China’s rate hiked to 145%. Hashlabs CEO Jaran Mellerud said that while the 10% levy is lighter than the initial tariffs, US miners are still at a clear disadvantage when purchasing mining machines.