Chainlink

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/chainlink-investors-hold-assets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink Investors Hold Assets</a><br></p>
<p style="text-align: justify">Large shareholders of <a href="https://en.bitcoinhaber.net/chainlink-broadens-service-offerings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a> (LINK) have curtailed the transfer of their assets to exchanges, correlating with a recent drop in the token’s price. Last month, LINK’s value plummeted by 21%, settling at $14.31 at the time of reporting. Despite this downturn, major holders have shown restraint in selling their holdings.</p>
<h2 id="what-s-driving-the-decrease-in-activity">What’s Driving the Decrease in Activity?</h2>
<p style="text-align: justify">The net flow from LINK whales to cryptocurrency exchanges has seen a sharp decline, dropping by 110% over the past 30 days. This trend indicates that these major players are transferring a minimal portion of their assets to exchanges. With a net flow rate of -0.06%, it’s clear that significant investors are opting to hold their positions rather than sell.</p>
<p style="text-align: justify">This metric, which measures the proportion of cryptocurrency moved from large holders to exchanges relative to total net flow, suggests a potential bullish signal. When the value is negative, it implies accumulation by large investors, possibly anticipating <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> price increases.</p>
<h2 id="why-is-the-mvrv-ratio-important">Why is the MVRV Ratio Important?</h2>
<p style="text-align: justify">For those monitoring the market value/realized value (MVRV) ratio, the current scenario might present a buying opportunity. The MVRV ratios based on 30-day and 365-day averages stood at -3.7% and -1.0%, respectively. This negative value hints that the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market price</a> is lower than the average purchase price, indicating a discount and a potential buy signal.</p>
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2>
<p>– The net flow rate and MVRV ratio suggest that large investors are holding rather than selling.<br> – Current negative MVRV ratios indicate LINK might be undervalued.<br> – Historical data implies potential future price increases if accumulation continues.</p>
<p style="text-align: justify">If these trends persist and investors capitalize on the current price dip, LINK could see its price rise to $15.17. Conversely, a continued decline might push it below $13. The three-day chart shows significant resistance at $19.25, which has led to substantial selling pressure. A close above the $15.48 EMA 20 average could provide the necessary momentum for a price increase.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/chainlink-investors-hold-assets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink Investors Hold Assets</a></h5>

Chainlink Investors Hold Assets

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