Chainlink Sees “Off the Chart” Exchange Inflows as Whales Look for an Exit

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Chainlink’s impressive multi-year high reached a boiling point a couple of days ago when bulls pushed it to fresh highs of $8.50 The crypto faced a firm rejection here that has since caused its price to reel lower Buyers have since been able to construct what could be a mid-term bottom within the lower-$7.00 region This has allowed the cryptocurrency to begin climbing higher One analyst is noting that exchange inflows for LINK are “off the charts” – signaling that investors are looking to offload their holdings This could mean an influx of selling pressure that drives the crypto lower is imminent Chainlink (LINK) has undoubtedly been one of the top-performing cryptocurrencies throughout the past two years. It has been able to buck the market-wide downtrend and has been consistently setting fresh all-time highs while many altcoins still remain 80%+ below their late-2017 highs. The token’s strength may provide it…

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