Bitcoinist.net:

There’s no question that Chainlink has been the most bullish cryptocurrency on the market throughout the past couple of years, posting massive gains throughout 2019 and 2020
These gains allowed it to set fresh all-time highs earlier this year, and it now appears to be navigating back towards these highs
Its mounting short-term strength, however, may be plagued by a massive influx of LINK into exchanged over the past day
This could suggest that traders are moving their tokens out of cold storage in order to sell the pump

Chainlink has seen unprecedented price action over the past couple of years, being one of the only major digital assets that has been able buck the crypto market’s widespread downtrend and even set fresh all-time highs in early 2020.
Although the crypto had lost some of its momentum after setting these highs, it…

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Source: https://bitcoinist.com/this-key-data-metric-shows-one-ultra-bullish-crypto-is-about-to-plunge/?utm_source=rss&utm_medium=rss&utm_campaign=this-key-data-metric-shows-one-ultra-bullish-crypto-is-about-to-plunge