๐จ Chainlink Price Hits Key Support as Exchange Supply Plummets Ahead of ETF Buzz! ๐ฅ๐๐
Chainlink (LINK) is under intense market pressure after sliding for four straight weeks, touching a crucial support level at $12 its lowest since June and nearly 55% below its 2025 peak. But behind the price drop, the data is flashing major bullish signals. ๐โจ
According to Nansen, LINKโs exchange supply has collapsed from 300M โ 213M in just one month. ๐๐ฅ
This steep decline means:
โ
Investors are not dumping
โ
No signs of panic selling
โ
Large holders may be accumulating quietly
Thatโs typically the kind of setup smart money watches closely. ๐ง ๐ผ
Meanwhile, Chainlinkโs fundamentals are strengthening in the background. The projectโs strategic reserves have surged to 884,674 LINK valued at roughly $11M. ๐ฐ๐ต
On November 20, Chainlink added 81,285 additional LINK to its reserves from growing on-chain and off-chain fees, showing active ecosystem demand. โ๏ธ๐
But the biggest catalyst sparking excitement?
Rising expectations that Grayscale could launch the GLNK ETF next week. ๐๏ธ๐
Bloombergโs ETF analyst Eric Balchunas has hinted that the chances are increasing, and an ETF could unlock significant new demand from U.S. institutional investors. ๐บ๐ธ๐
๐ฅ What This Means for LINK
Despite the price drop, the combination of:
โจ Falling exchange balances
โจ Growing LINK reserves
โจ Strong network fee revenue
โจ ETF anticipation
is creating a high-interest zone for traders and investors watching for a potential reversal. ๐๐ฅ
Chainlink is now at a pivotal moment and all eyes are on next weekโs ETF window. ๐๐
#link #TrumpTariffs #USStocksForecast2026