Chainlink Investors Pull $51M from Exchanges as Sentiment Turns Bullish
2025-06-30 16:32:26
Main Idea
Chainlink (LINK) has seen significant outflows from exchanges, indicating bullish sentiment, despite mixed technical indicators and a slight price drop.
Key Points
1. Approximately 3.86 million LINK tokens ($51.26 million) have been withdrawn from centralized exchanges since June 20, 2025.
2. Despite a 1.72% price drop to $13.22, LINK has risen 11.91% over the past week, showing resilience.
3. LINK derivatives trading volume surged by 54.13% in 24 hours, reaching over $611 million, reflecting increased speculative interest.
4. Technical indicators show a neutral RSI (47.80) and a slightly bearish MACD, suggesting potential consolidation.
5. Exchange outflows, particularly a spike on June 22 (below 664,000 LINK in a day), coincide with steady price growth from below $12 to over $13.60.
Description
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...
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