Overview
- LINK traded near $9.2 on Thursday, holding a tight $8.5 to $9.9 range without a clear move above resistance.
- Coinbase said it is publishing its premium order book, spot, and derivatives feeds on-chain through Chainlink DataLink to help developers build more robust trading and tokenization apps.
- An on-chain monitor reported that a large holder created 10 wallets and shifted 1.62 million LINK, about $14.8 million, to Flowdesk-linked addresses in what appeared to be a wallet reorganization.
- The Exchange Supply Ratio fell to 0.127 over the past two months, and Santiment counted 25,420 wallets holding at least 1,000 LINK, pointing to tokens moving off exchanges and quiet accumulation by larger holders.
- Exchange netflows turned positive by roughly 101,000 LINK, signaling new deposits to trading venues and ongoing selling that has helped keep the price pinned in its range.