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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink (LINK) Nears $20 as Exchange Outflows Signal Strong Accumulation

Chainlink (LINK) Nears $20 as Exchange Outflows Signal Strong Accumulation

Author:
Global Cryptocurrency
Published:
2025-05-21 13:05:16
7
1
Chainlink LINK News -

Chainlink (LINK), the leading oracle network, is showing signs of a potential rally toward $20, fueled by accelerating exchange outflows and growing ecosystem activity. The token was trading at $16 on Wednesday, reflecting a 60% recovery from its yearly low.

Data from CoinGlass highlights sustained accumulation, with weekly net outflows continuing since June 2023. This week, $11.27 million worth of LINK exited exchanges, following last week’s $55.2 million withdrawal—indicating investors are moving tokens to self-custody rather than preparing to sell.

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