FeesSafety
Pluang+

LINK sees 18 days of net outflows from Binance but price keeps falling, no clear market bottom yet.

Market News
29 Oct 2026, 23:45 WIB
Tokenpost
View Source
Bearish
LINK sees 18 days of net outflows from Binance but price keeps falling, no clear market bottom yet.

LINK token experienced 18 consecutive days of net outflows from Binance, totaling around 280,200 LINK in the latest reading. Despite this sustained withdrawal streak, the token's price continued to decline, indicating that these outflows do not confirm a market bottom. Net outflows mean more tokens left Binance than entered, but this does not clarify the reasons behind the movements or whether new buyers are accumulating LINK. Analysts note that withdrawals show token movement locations, not motives, so the impact on market trends remains uncertain.

Chainlink's LINK token is trading at Rp200.810 on Pluang with a 6.23% drop in the last day as of Oct 30, 2026 04:02 WIB. The token shows a market cap of Rp155,13 trillion and a 24-hour trading volume of Rp5,17 trillion. Despite the article noting 18 days of net outflows from Binance, on Pluang, the order activity leans 58% Sell versus 42% Buy, with a typical hold time of 63 days, indicating steady investor engagement.

More News (LINK)

Chainlink (LINK) rises 3% to $11.89 on Binance amid steady trading range.

Chainlink (LINK) rises 3% to $11.89 on Binance amid steady trading range.

Chainlink (LINK) saw a 3% price increase, trading at $11.89 on Binance as of 11:36 a.m. ET on October 29. The token's price fluctuated between $11.29 and $11.94 over the past 24 hours, indicating relatively stable trading activity. This movement foll...

Technical Signals
Bullish
4 hours ago
Chainlink launches 24/7 price feeds for tokenized assets, enabling continuous pricing during market closures.

Chainlink launches 24/7 price feeds for tokenized assets, enabling continuous pricing during market closures.

Chainlink has introduced Chainlink 24/7, a new price service providing continuous market data for equities, commodities, and other real-world assets even during weekends and market holidays when traditional exchanges are closed. This service uses quo...

Protocol Fundamentals
Bullish
5 hours ago
Chainlink buys back 92,800 LINK tokens worth $1.07M in two hours on Oct 29

Chainlink buys back 92,800 LINK tokens worth $1.07M in two hours on Oct 29

Chainlink conducted a buyback of approximately 92,800 LINK tokens over a two-hour period on October 29, with a total value around $1.07 million. This buyback amount exceeded the previous week's purchase by over 4,500 LINK tokens. Such buybacks can in...

Protocol Fundamentals
Bullish
8 hours ago
Chainlink launches 24/7 pricing for tokenized assets, with Aave adopting for continuous institutional lending.

Chainlink launches 24/7 pricing for tokenized assets, with Aave adopting for continuous institutional lending.

Chainlink has introduced Chainlink 24/7, a service providing continuous pricing for tokenized real-world assets including equities and commodities across all trading sessions, weekends, and holidays. Aave is adopting this service to support instituti...

Protocol Fundamentals
Bullish
9 hours ago
Chainlink price drops 21% despite large token withdrawals from Binance, signaling weak demand.

Chainlink price drops 21% despite large token withdrawals from Binance, signaling weak demand.

Chainlink (LINK) has fallen 20.8% since early October even though Binance has seen 18 consecutive days of net LINK withdrawals, which usually suggests accumulation. However, the decrease in LINK reserves on exchanges to 124.2 million tokens has not l...

Technical Signals
Bearish
12 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App