Chainlink

<ul><li>Chainlink&#39;s supply on exchanges is at a significant 15.5% low.</li><li>Whale transactions for LINK have seen a sharp decrease recently.</li><li>A stable crypto environment may bolster Chainlink&#39;s potential rebound.</li></ul>Chainlink, a significant player in the decentralized Oracle network, has recently exhibited some intriguing patterns that analysts keenly observe. Historically, Chainlink has demonstrated certain levels that often preclude a price rebound. With Bitcoin and the broader crypto sector showing signs of stability, this could be pivotal for Chainlink enthusiasts.One standout observation is the dwindling supply of Chainlink tokens on cryptocurrency exchanges. <a href="https://app.santiment.net/charts?settings&#61;%7B%22slug%22%3A%22chainlink%22%2C%22ticker%22%3A%22LINK%22%2C%22from%22%3A%222020-08-31T07%3A00%3A00.000Z%22%2C%22to%22%3A%222023-09-01T06%3A59%3A59.000Z%22%7D&amp;widgets&#61;%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22percent_of_total_supply_on_exchanges%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23000000%22%2C%22%2368DBF4%22%5D%2C%22ws%22%3A%7B%220%22%3A%7B%22interval%22%3A%227d%22%2C%22node%22%3A%22candle%22%7D%2C%221%22%3A%7B%22node%22%3A%22area%22%7D%7D%7D%5D" rel="noopener noreferrer nofollow">Currently</a>, merely 15.5% of the total supply is available for trading on these platforms. Typically, a decrease in exchange supply could indicate an upcoming uptick in price, as it usually suggests that investors are moving their holdings to private wallets — presumably because they intend to hold for the longer term. This is especially intriguing when viewed alongside Chainlink&#39;s recent market activities.Santiment, an on-chain crypto analytics platform, recently shared a Twitter post providing insights on the current Chainlink market dynamics, pointing towards a potential bullish divergence given Bitcoin and the broader cryptocurrency market&#39;s stability:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cff2390f3b95420fa9afcfa8cffa06fe.png" />Read full article at <a href="https://cryptotale.org/chainlinks-supply-drop-and-whale-dynamics-signal-potential-rebound/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Chainlink's Supply Drop and Whale Dynamics Signal Potential Rebound

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