Chainlink LINK Surges 12% as Exchange Outflows Signal Strong Accumulation

Chainlink's LINK token has jumped nearly 12% this week as on-chain data shows sustained exchange outflows—a bullish indicator for the cryptocurrency. Institutional DeFi platform Sentora reports negative Exchange Netflow for ten straight days, suggesting investors are transferring tokens to private wallets for long-term storage.

This metric, which monitors net movements between centralized exchanges and private wallets, points to reduced sell-side pressure. When Exchange Netflow turns negative, it often precedes price increases as available supply tightens. Chainlink's current outflow streak is its longest since January 2023.

Market experts view this trend as institutional accumulation. 'Exchange withdrawals frequently come before significant price movements,' observes Sentora's research team. The pattern resembles Bitcoin's 2020 accumulation phase prior to its record-breaking bull market.