Chainlink (LINK) has observed a sharp price jump as on-chain data shows a large amount of the asset has left centralized exchange wallets.
As explained by analyst Ali Martinez in a new post on X, the LINK Exchange Outflow has registered a large spike in the past day.
The “Exchange Outflow” here refers to an on-chain indicator that measures the total amount of Chainlink being withdrawn from the wallets connected to centralized exchanges.
When the value of this metric is high, it means the investors are transferring out a large number of tokens from these platforms.
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