Crypto: Chainlink Plunges 21% Despite Massive Withdrawals, Raising Concerns

Chainlink (LINK) loses 20.8% since early October despite a decrease in reserves on crypto platforms. Binance records 18 consecutive days of net token outflows, while reserves tracked by CryptoQuant have dropped to 124.2 million LINK. Usually considered bullish, this movement does not produce a sustained rebound. US Chainlink ETFs also show signs of slowing down.

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