As LINK holders revel in the splendor of profitability, while only whispers of their tokens remain on exchanges, the stage appears set for a delightful price squeeze! 🎭
Chainlink [LINK] is poised for a dramatic crescendo. Imagine a market ballet, with nearly 90% of the performers – or should I say, holders – applauding in profit, as the stage of exchange reserves shrinks to a delightful multi-year low. We stand on the brink of a supply concerto!
Oh, and should fresh demand saunter in, the woefully scant sell-side pressure would tip the scales in LINK’s favor with the grace of a Wildean wit. How utterly delightful! 🎻
LINK’s Supply: At the Pinnacle of Profitability
At the press of a tell-tale button, a staggering 87.5% of Chainlink’s circulating supply was for once in the land of profit, whispering sweet nothings of riches, confirmed by the unreliable yet fascinating data from Glassnode.
The chart, a delightful incline starting from early July, dances with LINK’s rally from the humble comfort of under $15, to the glamorous heights above $25. Dramatic, isn’t it?
Holders, those delightful creatures of finance, find themselves nestled comfortably, their convictions such that selling at present rates would be akin to splashing ink on a masterpiece. An unfortunate thought for the uninitiated indeed.
Should fresh demand enter with the subtlety of an Oscar-worthy plot twist, and with sell-side pressure scarce as a sincere politician, we’re at the precipice for a breakout, yet another flourish of this fascinating spectacle! 💫
Exchange Reserves: A Multi-Year Low Conundrum
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2025-09-01 05:29