Chainlink LINK Surges as Major Exchange Outflows Signal Bullish Accumulation

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-24 10:16:31

Chainlink LINK News -

Chainlink (LINK) has experienced a significant price surge following substantial withdrawals from exchanges, indicating potential accumulation by long-term investors. Over $120 million worth of LINK tokens were moved off centralized platforms in early April, reducing sell-side pressure and aligning with a bullish price breakout.

Data from IntoTheBlock shows a net outflow of 713,200 LINK between April 3-6, far exceeding temporary inflows of 356,600 LINK in late March. This on-chain activity suggests strategic positioning ahead of anticipated price strength, with tokens likely being transferred to private wallets rather than speculative trading venues.

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