Alongside the negative netflows, Chainlink’s Weighted Sentiment metric has seen a sharp decline, indicating an increase in negative sentiment around the token.
This might lead to a bullish reversal with the LINK price rebounding to around $11.80, reflecting a 3.69% increase in the last 24 hours.
Chainlink’s (LINK) on-chain data is displaying trends that could indicate bullish potential for the RWA token. Recently, the LINK token has seen a continuous period of negative exchange netflows. Popular market analysts interpret this as a sign of accumulation, hinting at a LINK price surge.
A Look At Chainlink’s Exchange Netflows
For nearly a month, Chainlink’s exchange netflows have remained in the negative, according to the market analysis firm, IntoTheBlock. This netflow metric gauges the movement of LINK tokens into or out of centralized exchanges (CEXs), reflecting whether more coins are entering or exiting these platforms.
A positive netflow would signify a net influx of LINK tok

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