Bitcoin

Flash

Chainlink

<p><a href="https://twitter.com/santimentfeed/status/1715901576274149560?t=iTMpwxTMiMgoRjz-Cm_Bew&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">According</a> to Santiment (@santimentfeed), <em>“Chainlink is on a tear this weekend,”</em> with the network seeing 3-month highs in whale transactions, unique interacting addresses, and trading volume. Altcoins have been benefiting from BTC redistribution, but LINK has been a particular standout.</p>
<p><strong>On-Chain Activity Surges</strong></p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="668" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-1024x668.png" alt="" class="wp-image-361357" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-1024x668.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-300x196.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-768x501.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-1536x1002.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-2048x1336.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-230x150.png 230w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-536x350.png 536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-570-788x514.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>The on-chain data shows increased network activity for Chainlink, with metrics like whale transactions and new addresses hitting multi-month highs. This signals confidence in LINK amidst the overall altcoin market recovery fueled by Bitcoin redistribution.</p>
<p>LINK has seen a major surge in price in the past few days. It has also reached the $9 mark for the first time since November last year, and many analysts are seeing further price movement, especially if it closes above the critical 500+ day resistance. The bullish on-chain activity reported by Santiment provides further evidence that LINK may have significant room to run compared to other altcoins in this market environment.</p>
<p>In summary, Chainlink is displaying impressive on-chain strength setting it apart from other altcoins – with key metrics like whale transactions spiking. This data supports the bullish case for LINK as it pushes against key resistance levels.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/chainlinks-link-metrics-flash-bullish-as-whales-and-traders-load-up/">Chainlink’s (LINK) Metrics Flash Bullish as Whales and Traders Load Up</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Chainlink’s (LINK) Metrics Flash Bullish as Whales and Traders Load Up

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