Pic related seems worth discussing. Looks like exchange supply is steadily declining and as of late rapidly dropping. I'm assuming that those upward spikes are token releases quickly followed by a further decrease in exchange supply.Exchange supply went from roughly 170mil in October to 127mil now. That's a pretty rapid decline taking place and it looks like round 2 is starting.
>>61652766Does that mean people are buying? No. Therefore no price increase. In other words, token not needed.
>>61652819Well what else would it mean? The price is also trending upward inverse to the supply decrease. From what I understand this isn't 1:1 until it reaches a point where the supply crunch hits critical and then price aggressively corrects. Probably when supplies need to re-up to meet the demands of buyers.
>>61652858Until link is 1000 I don’t care. Fuck you
>>61652766Checked. Anon, I applaud your hopeful spirit. I am too tired to get excited about anything related to the price of LINK. Good luck.
>>61652897So crude, these thoughts will reflect on you mentally and physically over time.
>>61652858I'm not sure how the platform finds that data but interestingly, you can also sort by spot exchanges, and then theres only 8million left, so you can assume that most of that 127million left is just derivatives, ie not real link. Someone bought up basically everything, while it was stable for literally years, exactly ten day after the 10/10 liquidation event happened. Curious
>>61653044infact, if you sort by derivate exchanges, it exactly confirms that, 119m on that. Since on the derivates graph has spikes, I assume someone loads up options, shorts/longs. Then as these get executed, the price can be malded, as these spikes occur just as/before a movement occurs. obviously just a theory, but I think someone uses options to either dampen or push the price depending on their goal
>>61653044>>61653111Checked. Pretty interesting find, I'm glad someone is actually adding to this and doing a little digging. This wouldn't be occurring for no reason at all, I find the data interesting. Clearly someone is buying up supply. You think this platform is scraping data from exchange wallets? Are those even well known?
>>61653178Exchange wallet addresses are pretty known yeah. liquidity pools from dexs arent shown in that graph. Would be good to know where the latter is in terms of supply
>>61653307If cex supply is decreasing I would expect it to bleed over into dex supply. If not now it would happen eventually as cex supply dries up. Atleast that's how I imagine it would go down.
>>61653044>>61653111>>61652766interesting and check the trips on all of the postsdoes this confirm the march post of big whales?
I wish I had been 'scammed' into buying link back in 2017 when I had just 500 bucks and link was 17 cents.
>>61652766this really makes you think
>>61652766I opened the picture, saw the word chainlink and laughed out loud
