Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance
Chainlink is struggling below $10 as selling pressure and broader market uncertainty keep the price pinned beneath a resistance level that has capped every recovery attempt in recent weeks. The price action is frustrating — but data from analyst MorenoDV has identified a structural development in the exchange flow data that reframes what the current weakness is actually occurring against. Related Reading: Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019 Binance currently custodies approximately 85.1 million LINK worth roughly $766 million — representing....
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XRP is testing critical demand levels as selling pressure keeps the price under stress, and participants on both sides of the trade search for the structural signal that determines whether the current level holds or gives way to further decline. The price action is tense — and a CryptoQuant analyst has identified a shift in the exchange flow data on Binance that adds a specific structural dimension to the current test that the price chart alone cannot reveal. Related Reading: Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup The metric the....
On-chain data shows the Chainlink exchange supply has observed a plummet, something that could turn out to be bullish for the asset’s price. Chainlink Supply On Exchanges Has Registered A Drawdown Recently According to data from the on-chain analytics firm Santiment, the LINK supply on exchanges could be forming a bullish divergence right now. The […]
Brace yourself as new LINK tokens perpetually flood the market. Chainlink, as part of its periodical unlocks, recently unlocked 21 million LINK tokens, valued at $295 million, from five of its non-circulating supply contracts. As noted by Spot On Chain, the majority of these tokens were sent to crypto exchange Binance, prompting speculation as to […]
The cryptocurrency market has seen increased commentary about the imminence of an altcoin season over the past week, with the Chainlink price performance a major contributor to the conversation. The LINK token, which has had a rough ride this year, seems to have roared back to life over the last few days. Despite facing rejection around the $10 mark earlier in the week, the Chainlink price appears to have finally broken the psychological resistance after strong action on Friday, May 8th. A prominent crypto analytics firm has pinpointed potential catalysts behind LINK’s recent price....
Cryptocurrency exchange Binance has explained its dogecoin issue which resulted in withdrawal suspension and Tesla CEO Elon Musk calling the problem “shady.” The exchange says it was a “rare issue” and no one was at fault.
Binance’s ‘Rare’ Dogecoin Issue, Withdrawals Resumed
Binance explained its dogecoin problem Monday, stating:
What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days. In addition, 1,634 users were sent old transactions.
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