Chainlink Exchange Reserves Stay Flat Near 124M LINK as Price Rallies
- —LINK rallied from $9 to above $15.50, breaking its $7–10 range, then retraced to $14.08
- —Exchange reserves stayed flat between 124M and 130M LINK throughout the move
- —Reserves now sit at 124.3M LINK, near a multi-year low and 66M below the early-2024 peak
- —Analyst R3N is watching for a reserve spike if LINK approaches its recent highs
Why it matters: The absence of fresh exchange inflows reduces sell pressure, but past reserve spikes have historically marked local tops for LINK.
Source: Blockonomi