Chainlink forges a new path: Of gains, losses, and whale moves


19 Sep 2023 11:30 PM

Chainlink surges over 10%, leaving short traders reeling. Whale wallets are on the move as LINK defies expectations with a surprising netflow trend....

  • Chainlink's price has increased by around 10% in the last 48 hours.
  • More LINK tokens are leaving exchanges compared to the ones flowing in.
  • The price surge is accompanied by an uptick in the Relative Strength Index (RSI) and trading volume.
  • Short traders have incurred substantial losses due to the price spike.
  • New LINK addresses have been established and LINK tokens are being withdrawn from Binance, indicating potential accumulation by a whale investor.
  • Chainlink has recorded its most substantial exchange outflow in over a month.

The sentiment in the article is mostly positive, highlighting the price increase, bullish trend, and potential accumulation by a whale investor. However, short traders have incurred losses, which may have a negative sentiment for them.

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You May Ask

What is the percentage increase in Chainlink's price in the last 48 hours?Are there any notable changes in other key metrics considering the ongoing price uptrend?How much has the trading volume increased for Chainlink?How much loss did short traders incur due to Chainlink's price spike?What is the significance of the new LINK addresses and the withdrawal of LINK tokens from Binance?

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