LINK Market Outlook Tracks Supply Dynamics
- Binance wallet movements added substantial LINK supply, while price still held above $11.50 during the latest consolidation phase.
- LINK climbed from $10.92 to $13.64 before retreating, showing buyers absorbed heavy exchange-related supply during that period.
- BBW dropped sharply from 71.24 to 10.91, while negative MACD momentum points toward a quieter market phase.
LINK market outlook shows supply pressure meeting fading volatility, while price consolidates after a sharp rally and momentum indicators turn weaker.
Binance Transfers Put Supply Into Focus
Nazoku reported that Binance opened cold storage and moved 10 million LINK. TThe transfer was valued at about $116.6 million on August 27. Another 2 million LINK later was released which cost a little under $23.08 million.
Together, those movements brought reported weekly supply near $140 million. That amount represented roughly half of Binanceโs reported 24-hour volume. It also exceeded 30% of combined DEX and CEX volume.
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