Chainlink Exchange Reserves Fall to Four-Year Low Amid Price Decline

Chainlink's price has declined by 3.66% in recent days after a significant rally earlier this month, but its price structure remains bullish.

The altcoin had surged by 25.46% from $10.9 to $13.68 in just under a week starting on September 2nd, but is now trading at $11.48.

However, the decline in exchange reserves to a four-year low indicates steady and ongoing accumulation trends among investors.

Data from CryptoQuant shows that the Futures taker CVD has been buy-dominated since August 8th, suggesting aggressive demand for Chainlink.