Summary
- It was reported that Binance's Bitcoin holdings increased by 22,106 in the past two weeks.
- This inflow of Bitcoin was stated to be a decision by investors considering macroeconomic uncertainties and the US Consumer Price Index (CPI).
- The acceleration of asset movement to Binance draws attention to market trends.
The Bitcoin (BTC) holdings of the global virtual asset exchange Binance have increased by more than 22,000 in the past two weeks.
CryptoQuant contributor Maartunn stated on the 10th, "Binance's Bitcoin holdings increased from 568,678 on the 28th of last month to 590,874 as of the previous day (9th)," adding, "A total increase of 22,106 in the past two weeks."
He emphasized, "This is a signal that the inflow of Bitcoin to Binance is rapidly accelerating." He further mentioned, "It is highly likely that investors are actively moving assets to Binance considering the current macroeconomic uncertainties and the soon-to-be-announced US Consumer Price Index (CPI)."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
