• LINK exchange outflows signal strong accumulation despite slight price retracement
• Derivatives market activity surges, but Open Interest hints at cautious positioning
• Technicals show neutral RSI and bearish MACD, suggesting a possible consolidation phase

Chainlink (LINK) has recently demonstrated a notable trend, a consistent outflow from exchanges, paired with a rising price. According to Sentora (previously IntoTheBlock) data, since June 20, approximately 3.86 million LINK tokens, worth around $51.26 million, have left centralized exchanges. This pattern often indicates a shift in investor behavior from short-term trading to long-term holding. 

Typically, such withdrawals reduce sell pressure and hint at accumulating positions by retail and institutional holders alike. Interestingly, even with a small pullback in LINK’s price as of press time, dropping 1.72% to $13.22, the asset has shown resilience, rising 11.91% over the past week.

The post Chainlink Investors Pull $51M from Exchanges as Sentiment Turns Bullish appeared first on Coin Edition.

• LINK exchange outflows signal strong accumulation despite slight price retracement
• Derivatives market activity surges, but Open Interest hints at cautious positioning
• Technicals show neutral RSI and bearish MACD, suggesting a possible consolidation phase

Chainlink (LINK) has recently demonstrated a notable trend, a consistent outflow from exchanges, paired with a rising price. According to Sentora (previously IntoTheBlock) data, since June 20, approximately 3.86 million LINK tokens, worth around $51.26 million, have left centralized exchanges. This pattern often indicates a shift in investor behavior from short-term trading to long-term holding. 

Typically, such withdrawals reduce sell pressure and hint at accumulating positions by retail and institutional holders alike. Interestingly, even with a small pullback in LINK’s price as of press time, dropping 1.72% to $13.22, the asset has shown resilience, rising 11.91% over the past week.

The post Chainlink Investors Pull $51M from Exchanges as Sentiment Turns Bullish appeared first on Coin Edition.