LINK exchange outflows signal strong accumulation despite slight price retracement Derivatives market activity surges, but Open Interest hints at cautious positioning Technicals show neutral RSI and bearish MACD, suggesting a possible consolidation phase Chainlink (LINK) has recently demonstrated a notable trend, a consistent outflow from exchanges, paired with a rising price. According to Sentora (previously IntoTheBlock) data, since June 20, approximately 3.86 million LINK tokens, worth around $51.26 million, have left centralized exchanges. This pattern often indicates a shift in investor behavior from short-term trading to long-term holding. Typically, such withdrawals reduce sell pressure and hint at accumulating positions by retail and institutional holders alike. Interestingly, even with a small pullback in LINK’s price as of press time, dropping 1.72% to $13.22, the asset has shown resilience, rising 11.91% over the past week. Exchanges have seen uninterrupted net outflows of $LINK since 20 June, with about 3.86 million tokens ($51.26 million) leaving exchanges since then. pic.twitter.com/0n4EnIYZfC — Sentora (previously IntoTheBlock) (@SentoraH… The post Chainlink Investors Pull $51M from Exchanges as Sentiment Turns Bullish appeared first on Coin Edition .
