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Chainlink's Negative Exchange Netflows Indicate Accumulation
10/23/2024 11:10:27 AM
According to intotheblock, Chainlink (LINK) has experienced consistent negative exchange netflows for nearly a month. This pattern suggests that holders are withdrawing LINK from exchanges, likely moving them to cold storage or private wallets. Such behavior is often interpreted as accumulation, as it reduces the immediate sell pressure on the market. (Source)
Chainlink Accumulation LINK exchange netflows