CryptoUnited States
Bitcoin traders watch jobs data, Fed and a Binance data change
Bitcoin traders are looking for signs of demand ahead of the next inflation report. A Coin Metrics notice on Binance balances may complicate one signal they use.
Bitcoin traders are waiting for clues about demand before the next US consumer price index (CPI) report. CPI is a measure of how fast prices for everyday goods and services rise.
One signal they follow is the balance of coins held on the exchange Binance. Coin Metrics, a crypto data provider, published a notice on November 4 that makes those balance readings harder to interpret.
In numbers
The concern is that the data change could be mistaken for a rush to sell. Traders who read the numbers at face value might see selling pressure that is not really there.
Bitcoin$75,687down −9.12%over 1 monthPrices by CoinGecko. Past moves say nothing about future ones.
The mood is also shaped by US economic news and the Federal Reserve, the US central bank. A jobs report showing 165,000 jobs added in October is part of what traders are weighing.
Bitcoin has also lagged in 2026. It has trailed Nvidia and restaurant chain stocks so far this year.
What comes next
Traders are waiting for the next US consumer price index report.
$1,000 in Bitcoin
Had you put $ into Bitcoin a month ago, it would be worth now.
From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.
Background
Exchange balance data is one way traders try to judge whether coins are being moved in order to sell.
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This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
