Chainlink Comeback Soon? Data Shows LINK Continues To Leave Exchanges

Quick Summary:

On-chain data shows Chainlink has continued to observe negative exchange netflows recently, a sign that could be bullish for LINK’s value.

Chainlink Exchange Netflows Have Been Negative For Almost A Month In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend in the exchange netflow of Chainlink.

Holders generally take their coins off into self-custody whenever they plan to hold into the long-term, so this kind of trend can be bullish for LINK.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Chainlink Exchange Netflows Chainlink Bullish Chainlink LINKUSDT LINK Chainlink Rally Chainlink Chainlink Comeback

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 07:00:24 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23236337

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About Bitcoinist

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Official Website: bitcoinist.com

Update Frequency: 6 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

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