Chainlink Faces Sub-$10 Pressure as Binance Holds 66.4% of Exchange LINK Supply

Chainlink (LINK) remains below $10, with price action stuck under a resistance zone that has stalled rebounds in recent weeks. Exchange data cited by analyst MorenoDV highlights that Binance holds about 85.1 million LINK worth roughly $766 million, or 66.4% of the 128.26 million LINK held on exchanges. The analysis argues that large Binance netflow swings can reflect venue-specific imbalances rather than broader market behavior while LINK trades around $9.

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