Yesterday LINK was preparing for an independent rise, and I believe it is largely related to these two key factors:

1. LINK Reserve Fund Plan

Chainlink recently launched a reserve mechanism, allowing LINK to be used not only as a transaction fee token but also as 'on-chain collateral and security assurance'.

In simple terms: locking up LINK as a reserve → enhancing network security → reducing supply.

This directly brings about a market expectation: deflationary effect + ecological value enhancement.

2. On-chain Capital Inflow

Recent data shows that a large amount of LINK has been transferred from exchanges, flowing into on-chain staking, reserves, or protocol contracts.

This means: circulation selling pressure is reduced → supply decreases → prices are more easily lifted by capital.