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Chainlink and its circulation patterns

@Santrends
1 min read
15.03.2022
DEFI
LINK

Chainlink has our attention today because of a long period of losses visible on Network Profit Loss:

What does it mean? Since January, most LINK tokens were moved at a loss. Of course if we assume their previous moves as purchases, last moves as sells. Basically it's one of a bottom indicators. Just one.


Then we discovered an interesting token circulation pattern:

There were a few times when circulation increased, then dumped, and then price surged.

There is a chance we are now in a similar pattern.


If we compare it to LINK and it's circulation one year before...

...Then we could notice some difference. The pattern above working a bit differently. That could be the sign of a bull market itself. Circulation increases, then a lag happens, and then the price grows. Do you notice anything else?


Chart used: https://app.santiment.net/s/4ofkTD-H

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ChainLink LINK

$ 19.16
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in last 7d
DEFI
LINK

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