Chainlink Sees 18 Straight Days of Binance Outflows as LINK Tests $11 Support
- —18 straight days of net LINK outflows from Binance, totaling about 280,200 tokens
- —A net inflow of roughly 8.7 million LINK preceded the withdrawal streak
- —LINK trades near $11.40, down from an October peak near $16
- —Reclaiming $12.10–$12.30 would support a rebound; a break below $11 exposes lower levels
Why it matters: Exchange outflows may reduce immediately available supply, but LINK needs to reclaim $12.10–$12.30 to ease selling pressure.
Source: Coinpedia