比特幣在嗡嗡作響，binance正在填補其金庫，分析師正在發生衝突

在一個關於美國通貨膨脹的備受期待的數字的前夕，加密貨幣市場就像一個過度填充的鍋一樣沸騰。

Bitcoin is buzzing, Binance is filling its coffers, analysts are clashing… and the CPI is peeking around the corner.

比特幣在嗡嗡作響，binance填補了其金庫，分析師正在發生衝突……CPI在拐角處窺視。

On the eve of a highly anticipated figure regarding U.S. inflation, the crypto market is boiling over like an overfilled pot. Amid Trump’s tariff tremors, reserves stacking up, and panicked tweets, the question becomes urgent: massive selling ahead, or a prelude to a rush for digital gold?

在一個關於美國通貨膨脹的備受期待的數字的前夕，加密貨幣市場就像一個過度填充的鍋一樣沸騰。在特朗普的關稅震顫，保留堆積和驚慌的推文中，問題變得緊迫：前方大量銷售，還是急於獲得數字黃金的序幕？

Binance cashes in BTC: towards a rush… or a wash?

BTC的Binance兌現：匆忙或洗滌？

As Trump has suspended tariffs for 90 days, a warning came from CryptoQuant: in just 12 days, 22,106 BTC have been transferred to Binance, bringing the total to 590,874 BTC. A windfall of $1.82 billion more in the platform’s coffers, just before the announcement of the March CPI. Some see it as a simple game of musical chairs, while others interpret it as a clear sign of panic or speculation.

由於特朗普已暫停關稅90天，因此發出警告，來自加密量：僅在12天內，將22,106 BTC轉移到了二手體中，使總數達到590,874 BTC。在3月CPI宣布之前，該平台的存儲庫中的意外收入增加了18.2億美元。有些人將其視為一種簡單的音樂椅遊戲，而另一些人則將其解釋為恐慌或猜測的明顯跡象。

As contributor Maartunn summarizes:

作為貢獻的shimarkars：

This shows a strong acceleration of BTC inflows to Binance. It is likely that investors are actively moving their funds to Binance due to macroeconomic uncertainty.

這顯示了BTC流入量的強大加速。由於宏觀經濟的不確定性，投資者可能正在積極將其資金轉移到義務上。

And the timing is not insignificant: Trump has just suspended his tariffs on all countries for 90 days, except China, which faces a hefty 125% surcharge, in response to Beijing’s trade reprisals.

而且時機並不是微不足道的：特朗普剛剛在所有國家 /地區暫停了他在所有國家的關稅，除了中國外，面臨巨額125％附加費的中國，以回應北京的貿易報復。

Immediate result: the price of bitcoin rises by 8.8% in 24 hours, flirting with $82,474 at the time of writing. But the real question remains: is this rise organic, or purely tactical?

直接結果：24小時內比特幣的價格上漲了8.8％，在寫作時以82,474美元的價格調情。但是真正的問題仍然存在：這是有機的，還是純粹的戰術？

CPI, inflation and tariffs: America breathes hot and cold

CPI，通貨膨脹和關稅：美國呼吸冷熱

On April 10, the United States will publish the Consumer Price Index (CPI) figures for March. The consensus? A global inflation rate expected at 2.6%, down from 2.8% in February. A slowdown that could be good news for the bulls.

4月10日，美國將發布3月的消費者價格指數（CPI）數字。共識？全球通貨膨脹率預計為2.6％，低於2月的2.8％。對公牛隊來說，這可能是個好消息。

On X, Matthew Hyland doesn’t mince words:

在X上，馬修·海蘭德（Matthew Hyland）並沒有諷刺：

Tomorrow’s CPI will likely show that inflation collapses to 2.5%.

明天的CPI可能會表明，通貨膨脹率崩潰為2.5％。

But be careful not to bury inflation too quickly. If energy prices have indeed fallen, the tariff hikes announced by Trump could reignite inflation as early as April, especially in sectors sensitive to Chinese imports, like clothing or electronics. And economists at Wells Fargo warn: “The direction of history is clear.”

但是請注意不要太快地掩埋通貨膨脹。如果能源價格確實下跌，那麼特朗普宣布的關稅遠足可能早在4月就可以重新點燃通貨膨脹，尤其是在對中國進口敏感的行業中，例如服裝或電子產品。富國銀行的經濟學家警告說：“歷史的方向很明顯。”

The core CPI (excluding energy and food) is expected to rise by +0.3%, with an annual inflation rate maintained at 3%. Enough to fuel the debates about the future of rates.

預計核心CPI（不包括能源和食物）將上升 +0.3％，年通貨膨脹率保持在3％。足以推動有關利率未來的辯論。

Pre-CPI Volatility: Traders Play Jumping Jack

CPI前的波動：交易者玩跳躍傑克

In the meantime, traders are positioning themselves. Some are filling their portfolios. Others are filling Binance. Why? To sell if things go south. Or to buy faster than others if things explode.

同時，交易者正在定位自己。有些人正在填補他們的投資組合。其他人正在填補二手體。為什麼？如果事情向南出售，出售。或者如果事情爆炸，則比其他人更快。

But Pav Hundal, an analyst at Swyftx, prefers to nuance:

但是Swyftx的分析師Pav Hundal更喜歡細微差別：

Large inflows can signal selling, but it’s a very fluid market. It’s plausible that Binance is funding its hot wallets in response to strong demand.

大量流入可以表示銷售，但這是一個非常流暢的市場。 binance為響應強勁的需求而為其熱錢包提供資金是合理的。

On the Federal Reserve side, ambiguity reigns. According to the CME FedWatch Tool, traders assess a 33% probability of a cut in May, but a 63% chance of 4 cuts by December. President Jerome Powell remains stoic:

在美聯儲方面，歧義統治。根據CME FedWatch工具的數據，交易者評估了5月份削減的33％的概率，但到12月，削減4次的機會為63％。杰羅姆·鮑威爾（Jerome Powell）總統仍然堅持不懈：

We don’t need to rush. We have to see how everything evolves.

我們不需要匆忙。我們必須看看一切如何發展。

Meanwhile, the Fed is watching the divergence between goods and services inflation. If tariffs drive up imports, the situation could change faster than expected.

同時，美聯儲正在觀察商品和服務通貨膨脹之間的差異。如果關稅推動進口進口，情況可能會更快地變化。

Bitcoin is walking a fine line. On one side, inflation seems tamed; on the other, Trump’s tariffs threaten to wake it up. Binance, on the other hand, is cashing in bitcoins like a Swiss bank vault on steroids. Between bullish anticipation and defensive caution, investors juggle. And the CPI? It will decide. Maybe. Or maybe not. In the meantime, the dice are cast — but the game is far from over.

比特幣正在走一條細線。一方面，通貨膨脹似乎馴服了。另一方面，特朗普的關稅威脅要喚醒它。另一方面，Binance正在用瑞士銀行金庫（Swiss Bank Bank）類固醇等比特幣兌現。在看漲期待和防守謹慎之間，投資者雜亂無章。和CPI？它將決定。或許。也許不是。同時，骰子被鑄造出來 - 但比賽還遠遠沒有結束。