Chainlink Price Lags Under $9: Large Binance Inflows Suggest Further Sell-Side Pressure

The Chainlink price has failed to show any signs of bullish recovery since falling below the $10 level in early February. While these struggles have been spread across the general cryptocurrency market, there has rarely been any indication of optimism for LINK, as the altcoin sits nearly 70% adrift of its cycle high of $25. The latest on-chain data suggests that the Chainlink price could be gearing up for another round of bearish pressure in the coming weeks. $126M In LINK Tokens Move To Binance In A Single Day In a recent post on the X platform, pseudonymous on-chain analyst Darkfost shared that significant amounts of the Chainlink token have made their way to Binance in the past day. According to the crypto pundit, market participants seem to be taking advantage of the weekend, characterized by low volatility, to move large amounts of digital assets. Related Reading: XRP Has Never Been This Quiet On Binance. Discover If The Silence Is A Warning or a Setup Darkfost observed this inter