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Are 18 Days of Binance Outflows a Bottom Signal for Chainlink or a Bull Trap?

Are 18 Days of Binance Outflows a Bottom Signal for Chainlink or a Bull Trap?

Photo: Crypto Daily

Holders keep pulling Chainlink off Binance, and the streak now stretches nearly three weeks. Exchange data shows steady net withdrawals since a large deposit landed on the platform earlier this fall. For LINK, the timing matters. The token is still nursing heavy October losses, and thinner exchange supply could help steady it. Traders want to know whether the withdrawals reflect real accumulation or just a reshuffle of coins that will return to sell. Chainlink tokens have left Binance on a net basis for 18 consecutive days, according to exchange flow data.

Source: Crypto Daily

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