| Time | Details |
|---|---|
| 2024-07-12 15:06 |
Investors Accumulating $LINK as Exchange Netflows Turn Negative
According to @intotheblock, exchange netflows for $LINK have been negative for the past two weeks, with approximately $110 million worth of $LINK being withdrawn from exchanges. This trend is typically associated with an accumulation phase, suggesting that investors are moving $LINK off exchanges. (Source) |
| 11:10 |
Chainlink's Negative Exchange Netflows Indicate Accumulation
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) |