Chainlink (LINK) Faces Supply Crunch: Bullish Breakout Ahead?

Exchange supply levels for LINK continue to decline, following the same movement that began a few years ￰0￱ profits and open interest at sky-high levels, will this ignite the next market upswing, or is there more to the story? Exchange Reserves Drying Up According to data from CryptoQuant as of the time of writing, the token’s supply levels on exchanges have dropped to 161.8 million, marking a multi-year trend that began in mid-2023, when the price was around $6 to $7.), the metric that traces the total number of active long and short positions in derivatives markets, has also skyrocketed over the past year.) Faces Supply Crunch: Bullish Breakout Ahead?

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