LINK Below $10 With Exchange Supply Falling

Overview

• LINK fell to about $8.5 in recent trading after failing to reclaim $10 since mid-March.
• CryptoQuant data shows large holders have been pulling more than 8,000 LINK a day from Binance, and the monthly average outflow has risen to roughly 2,600.
• The Exchange Supply Ratio slipped to around 0.127, a level that signals a smaller share of LINK sits on exchanges where it is easiest to sell.
• A double-bottom setup and a green Supertrend on daily charts point to a short-term bounce, yet positive Netflows near 190,000, meaning more deposits than withdrawals, suggest recent selling pressure.
• Crypto.news ties the broader drop to U.S.–Iran tensions, and one report cites much higher daily withdrawals near 26,000 LINK, underscoring uncertainty about the size of whale moves.