Chainlink Investors Pull $51M from Exchanges as Sentiment Turns Bullish

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. Exchanges have seen uninterrupted net outflows of $LINK since 20 June, with about 3.86 million tokens ($51.26 million) leaving exchanges since then. pic.twitter.com/0n4EnIYZfC — Sentora (previously IntoTheBlock) (@SentoraH… The post Chainlink Investors Pull $51M from Exchanges as Sentiment Turns Bullish appeared first on Coin Edition .

Source: Coin Edition