Quick Read
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The Chainlink Reserve buys LINK with network revenue and locks tokens away for years, but $260 million in daily trading volume dwarfs its incremental purchases.
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Bitcoin’s 59% market dominance is fueling a broad altcoin selloff that overwhelms the Reserve’s buying, sending LINK down 23% from its September high.
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LINK must reclaim $13.33 and hold above the $11.81 support level before the Reserve’s growing purchases can meaningfully lift prices.
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The Chainlink Reserve actively buys Chainlink (CRYPTO:LINK) with revenue generated from the network’s services, yet…
