比特币在嗡嗡作响，binance正在填补其金库，分析师正在发生冲突

在一个关于美国通货膨胀的备受期待的数字的前夕，加密货币市场就像一个过度填充的锅一样沸腾。

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

比特币在嗡嗡作响，binance填补了其金库，分析师正在发生冲突……CPI在拐角处窥视。

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?

在一个关于美国通货膨胀的备受期待的数字的前夕，加密货币市场就像一个过度填充的锅一样沸腾。在特朗普的关税震颤，保留堆积和惊慌的推文中，问题变得紧迫：前方大量销售，还是急于获得数字黄金的序幕？

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

BTC的Binance兑现：匆忙或洗涤？

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.

由于特朗普已暂停关税90天，因此发出警告，来自加密量：仅在12天内，将22,106 BTC转移到了二手体中，使总数达到590,874 BTC。在3月CPI宣布之前，该平台的存储库中的意外收入增加了18.2亿美元。有些人将其视为一种简单的音乐椅游戏，而另一些人则将其解释为恐慌或猜测的明显迹象。

As contributor Maartunn summarizes:

作为贡献的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.

这显示了BTC流入量的强大加速。由于宏观经济的不确定性，投资者可能正在积极将其资金转移到义务上。

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.

而且时机并不是微不足道的：特朗普刚刚在所有国家 /地区暂停了他在所有国家的关税，除了中国外，面临巨额125％附加费的中国，以回应北京的贸易报复。

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?

直接结果：24小时内比特币的价格上涨了8.8％，在写作时以82,474美元的价格调情。但是真正的问题仍然存在：这是有机的，还是纯粹的战术？

CPI, inflation and tariffs: America breathes hot and cold

CPI，通货膨胀和关税：美国呼吸冷热

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，美国将发布3月的消费者价格指数（CPI）数字。共识？全球通货膨胀率预计为2.6％，低于2月的2.8％。对公牛队来说，这可能是个好消息。

On X, Matthew Hyland doesn’t mince words:

在X上，马修·海兰德（Matthew Hyland）并没有讽刺：

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

明天的CPI可能会表明，通货膨胀率崩溃为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.”

但是请注意不要太快地掩埋通货膨胀。如果能源价格确实下跌，那么特朗普宣布的关税远足可能早在4月就可以重新点燃通货膨胀，尤其是在对中国进口敏感的行业中，例如服装或电子产品。富国银行的经济学家警告说：“历史的方向很明显。”

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.

预计核心CPI（不包括能源和食物）将上升 +0.3％，年通货膨胀率保持在3％。足以推动有关利率未来的辩论。

Pre-CPI Volatility: Traders Play Jumping Jack

CPI前的波动：交易者玩跳跃杰克

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.

同时，交易者正在定位自己。有些人正在填补他们的投资组合。其他人正在填补二手体。为什么？如果事情向南出售，出售。或者如果事情爆炸，则比其他人更快。

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

但是Swyftx的分析师Pav Hundal更喜欢细微差别：

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.

大量流入可以表示销售，但这是一个非常流畅的市场。 binance为响应强劲的需求而为其热钱包提供资金是合理的。

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:

在美联储方面，歧义统治。根据CME FedWatch工具的数据，交易者评估了5月份削减的33％的概率，但到12月，削减4次的机会为63％。杰罗姆·鲍威尔（Jerome Powell）总统仍然坚持不懈：

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

我们不需要匆忙。我们必须看看一切如何发展。

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

同时，美联储正在观察商品和服务通货膨胀之间的差异。如果关税推动进口进口，情况可能会更快地变化。

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.

比特币正在走一条细线。一方面，通货膨胀似乎驯服了。另一方面，特朗普的关税威胁要唤醒它。另一方面，Binance正在用瑞士银行金库（Swiss Bank Bank）类固醇等比特币兑现。在看涨期待和防守谨慎之间，投资者杂乱无章。和CPI？它将决定。或许。也许不是。同时，骰子被铸造出来 - 但比赛还远远没有结束。