Investors transferred $200 million in Bitcoin to Binance

Network metrics indicate that investors transferred about $200 million worth of Bitcoin coins to Binance. This happened as the flagship of the crypto market settled below $27,000. Analyst James Straten drew attention to the volume of net exchange flow. An increase in this variable indicates that trading participants are actively transferring their cryptoassets to centralized sites. This can be interpreted as a strong bearish signal.

Meanwhile, Bitcoin itself is trading near $26,800, continuing to experience significant bearish pressure. If we talk about the fundamental component, the focus of investors' attention was the recent publication of updated inflation data in the United States. It is noteworthy that the consumer price index did not change and amounted to 3.7% per annum. However, the industrial inflation metric increased sharply from 0.6% to 2.2%.