Chainlink Exchange Outflows Surge as Price Eyes Breakout

Chainlink's price is gaining momentum after its largest exchange outflow since June 29. According to Santiment, approximately 1.26 million LINK was withdrawn from centralized exchanges in a single day.

This sharp decline in exchange balances indicates that investors are moving their holdings into self-custody, a trend often associated with long-term accumulation and reduced selling pressure.

While the on-chain activity suggests growing confidence among holders, traders are now watching whether LINK can capitalize on improving sentiment and reclaim key resistance levels to extend its recovery.