Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance
Chainlink remains under $10, held down by selling pressure and weak market sentiment. But Binance exchange data shows a more important structural trend: Binance holds about 85.1 million LINK, or 66.4% of all LINK on exchanges, so Binance-specific flows heavily shape market supply. Binance reserves have fallen steadily from around 145 million LINK in 2022–2023 to about 85 million now, following a descending channel. Temporary inflow spikes do occur, but they are short-lived and usually happen during volatile price periods rather than signaling lasting accumulation. Netflow patterns suggest these inflows often precede weaker price action over the next one to three days, which points more toward sell pressure or redistribution than bullish buying. Many deposits are later withdrawn to self-custody or other venues instead of being sold. Overall, the dominant signal is persistent LINK outflow from Binance, with inflow bursts mostly noise on top of a long-term decline.
