Are 18 Days of Binance Outflows a Bottom Signal for Chainlink or a Bull Trap?

Three Things to Know Chainlink has drained from Binance for 18 straight days, yet the price has not followed. LINK sits wedged between its short-term and long-term moving averages, with sellers still steering momentum. The nearest resistance overhead is the line that would turn a supply story into a price story. Holders keep pulling Chainlink off Binance, and the streak now stretches nearly three weeks. Exchange data shows steady net withdrawals since a large deposit landed on the platform earlier this fall. For LINK, the timing matters. The token is still nursing heavy October losses, and thinner exchange supply could help steady it. Traders want to know whether the withdrawals reflect real accumulation or just a reshuffle of coins that will return to sell.

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