In recent years, Chainlink’s $LINK token has seen some standout accumulation and distribution phases, particularly with its key holders. We can observe these phases by paying attention to who’s holding and who’s not in order to gauge the sentiment of traders and investors in the broader crypto market. While we’ve been in a bear market, the key holders of $LINK have been accumulating. They’ve been intensively dollar-cost averaging into their $LINK positions, not only in recent months but also in the months leading up to this prolonged downturn. The Journey from $26 to Current Price Clusters Chainlink’s price action has
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