Chainlink LINK Exchange Reserves Hit Multi-Year Low as Price Breaks Above $23

Chainlink LINK News - Chainlink's exchange reserves have declined steadily from nearly 200 million tokens in 2023 to approximately 158 million by September 2025, indicating strong accumulation and reduced selling pressure. Historically, such supply contractions have preceded bullish price movements, suggesting LINK may be positioned for another significant rally. The asset's recent surge past $23.7 coincides with shrinking exchange balances, creating a scarcity dynamic that amplifies buying momentum. This divergence between falling supply and rising price mirrors previous cycles where substantial rallies followed major reserve declines. Institutional adoption of Chainlink's oracle technology continues expanding, reinforcing confidence in its blockchain infrastructure role. With fewer tokens available on centralized platforms and growing long-term holder conviction, the setup favors sustained upward price pressure and potential new highs.