#十月数字货币市场走势 LINK has fallen 30%, is this the bottom? Don't rush to buy the dip yet.

In the past month, over 63 million LINK have flowed out from major exchanges. Logically speaking, with such a large-scale withdrawal, are whales secretly accumulating? It sounds quite tempting.

But what about the price? Since the beginning of October, it has slipped all the way from $22.58 to $15.77, a full 30% evaporation. Although it rebounded to $16.65 in early November, the profit-taking market immediately smashed back.

On-chain data is more intriguing—net flow of the exchange has basically been negative this month, with a sudden shift to neutral during the rebound days. Did someone take the opportunity to offload? The Coin Days Destroyed indicator surged on the rebound day, and this signal couldn't be clearer: old chips are being sold off.

The news cooperation continues, but the capital side is completely unresponsive. If the support level of $15.45 cannot be held, the downtrend may only be halfway through.

What is the market waiting for? It probably doesn't even know about itself. Sentiment warms up and warms up, but the bottom? It's still early.