Despite the price drop, LINK coins are still being withdrawn from trading platforms in large numbers… is the price ready to rise?

Chainlink (LINK) hit its highest level of daily withdrawals from the trading platform since December, signaling a clear increase in investor interest despite the market slowdown.

According to the latest data, approximately 970,000 LINK worth approximately $9 million were withdrawn from the trading platform in one day, which is considered to be one of the largest exit flows on record in recent times.

These moves are often interpreted as signs of off-platform buying and stockpiling, reducing the supply available for sale.

Despite such demand, the price of LINK remains under pressure, with the coin edging lower to around $9.23 given the weak momentum following its recent gains.

Overall, while short-term volatility persists, the increase in retracements points to growing investor confidence over the medium term.

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