2.23 Million Chainlink Transferred to Exchanges in Two Weeks

Chainlink (LINK) has experienced significant price volatility recently, dropping from $17 to $13 before recovering to $16 within three days. This reflects the broader market's instability, influenced by President Trump’s U.S. Strategic Crypto Reserve announcement and ongoing macroeconomic uncertainties.

2.23 million LINK moved to exchanges in two weeks, indicating potential selling pressure.
Traders are monitoring whether LINK can maintain key support levels or push toward new highs.
Current trading is below critical resistance levels, with concerns about a possible distribution phase among large holders.

Chainlink is trading around $16.6, near the 200-day Moving Average (MA). Holding above $15 is crucial to avoid further downside. A breakout above $17.9 could reinforce bullish sentiment; failing to maintain support may lead to renewed selling pressure.