Bullish
>>61232859still not enough, we need more off them
>>61232859> 200 million to 150 millionOnly 150 million to go then short squeeze!
CZ still has 150m to control the price.
>>61232898>its all on one exchangeThe Binance schizo is low iq it seems
>>61232859>off a cliffit's taken 3 years to drop 50M. At this rate that graph will take another 6 years to hit zero. I'm bullish on Link but this is pretty meaningless.
how do i gte cex?
>>61232859Wowie! Let's take a look at the price of the token... oh
>>61232859What do they know? Stacking 1.0?
>>61232859>only 150 million shitty worthless tokens left on exchanges OMGKILL YOURSELFKILL YOURSELFEND YOUR LIFE YOU USELESS VERMIN
>>61232859This is a useless metric. Most trading happens on-chain.
I especially hate retarded cex "supply shock" faggots like you wouldn't believe. They can't even understand their own chart, or just shamelessly show it to others hoping they don't realize it's not a 0-100 scale but rather a 75-100 scale.
K fishy. Keep me posted
>>61232859why? why is it bullish? how does this cause a chain of events in which the end result is a price increase for the chainlink token, ticker LINK? explain it for the class, stinkie
>>61232859Don't worry, Sergey when resupply the market after smartcon
>>61232983but the entire time the total link supply rose, so you have to factor in the sergey dumps that are taken off exchange tooin which case you are looking at 250 million tokens withdrawn in that period
>>61234545I’d be curious to see the same graph but with the circulating supply overlayed as well. I’d do it myself but I’m out and about
>>61233640>They can't even understand their own chart, or just shamelessly show it to others hoping they don't realize it's not a 0-100 scale but rather a 75-100 scale.Nobody looks at the chart and thinks there's 0 reserves left on CEXs unless they're literal retards. Adjusting the chart scale to be from 0 is pointless as well, all the data would just be a lot more compressed and there would be a lot of useless empty space below it, but it would still show the same trend of the reserves decreasing.>>61234250The idea is that people keep holdings that they want to sell on CEXs, and when they sell, someone buys it and withdraws it, thus reducing the reserves. As reserves decrease, then we assume there's less amount available to sell, which should lead to higher prices.Who knows if that's actually the case though, it could just mean people are withdrawing to trade on HYPE or some other DEX.ETH is going through the same pattern as well where reserves are decreasing, but just like LINK the price vs reserve hasn't been correlated at all, so there's no telling if it actually is bullish.
>>61232983AND 7 DAYS TO DROP 25 MILLIONTOKEN NEEDED
>>61234662That's my point though. It would show how there's a whole lot of fuck-all to actually be excited about. Exchanges have and will always have way more than enough for anytime soon
>>61234924and if you look closely you can see that all those 20ish mil dumps get taken off in about a month too
>>61234133
>>61233625Nice try fuddie but we all know Chainlink dump LINK on Binance
