鏈上的數據顯示，連鎖鏈接（鏈接）已經看到了一個月的流出，這可能證明是替補幣的價格看漲的。

ChainLink Exchange NetFlow最近是負面的

In a recent X post, market intelligence platform IntoTheBlock discussed the trend in the Exchange Netflow for Chainlink (LINK).

在最近的X帖子中，市場情報平台Intotheblock討論了Chainlink的交換NetFlow（鏈接）的趨勢。

The “Exchange Netflow” is an on-chain metric that measures the net amount of a cryptocurrency flowing into or out of the wallets associated with centralized exchanges. A positive value for this indicator implies that investors are transferring more tokens into these exchanges.

“ Exchange Netflow”是一個鏈度度量，可測量與集中交換相關的錢包中或從錢包中流出或流出的加密貨幣的淨量。該指標的積極價值意味著投資者正在將更多的代幣轉移到這些交易所中。

Since one of the main reasons for holders to transfer their coins to exchanges is for selling-related purposes, this kind of trend can have a bearish implication for the asset’s price.

由於持有人將硬幣轉移到交流的主要原因之一是出於銷售相關的目的，因此這種趨勢可能對資產的價格產生看跌的影響。

However, when the indicator is in the negative zone, it suggests that exchange outflows are outweighing the inflows. Generally, investors take their coins away from the custody of central entities when they want to hold them for the long term, so such a trend can have a bullish impact on the cryptocurrency.

但是，當指標處於負區域時，它表明交換流出大於流入。通常，投資者想長期將硬幣從中央實體的監護權中移開，因此這種趨勢可以對加密貨幣產生看漲的影響。

Now, here is the chart shared by the analytics firm that shows the trend in the Chainlink Exchange Netflow over the past month:

現在，這是分析公司共享的圖表，該圖顯示了過去一個月的鍊鍊接交易所NetFlow的趨勢：

As displayed in the graph, the Link Chain Netflow has been in the negative region for almost all of the past month, implying that investors have constantly been making net withdrawals from the exchanges.

如圖所示，幾乎在過去一個月中，鏈接鏈Netflow一直處於負面區域，這意味著投資者一直在交流中不斷提款。

In total, the exchanges have registered net outflows of $120 million in this period. Such a trend could suggest that investors have been in a phase of accumulation, as they are transferring the coin out of the exchanges’ custody.

在此期間，交易所總共註冊了1.2億美元的淨流出。這樣的趨勢可能表明，投資者正處於積累階段，因為他們將硬幣從交易所的監護權中轉移出來。

During the last few days, LINK has enjoyed some recovery in its price, which could potentially be an effect of this buying activity. The Exchange Netflow is something to keep an eye on in the coming days, as where it heads next could also have an influence on the coin.

在過去的幾天中，Link的價格恢復了一些，這可能是這種購買活動的影響。 Exchange Netflow在未來幾天都要關注，因為接下來的地方也可能會對硬幣產生影響。

Naturally, the outflow streak continuing would be a bullish sign for Chainlink, while the indicator seeing a reversal into the positive region could mean a bearish end for the recovery run.

自然，持續的流出條紋將是鍊鍊鏈接的看漲標誌，而看到逆轉正區域的指標可能意味著恢復運行的看跌端。

Speaking of the price recovery, on-chain data could hint at where the next major resistance wall could lie for LINK, as analyst Ali Martinez has explained in an X post.

說到價格恢復，正如分析師阿里·馬丁內斯（Ali Martinez）在X帖子中解釋的那樣，鏈上數據可能會暗示下一個主要的阻力牆可能位於鏈接的位置。

From the above chart, it’s visible that the Chainlink investors last purchased a total of 181.42 million LINK inside the $14.32 to $16.43 range. These investors, who are currently underwater, may provide some resistance to the price if a retest occurs, as they could be desperate to exit at their break-even.

從上圖來看，Chainlink投資者上次在$ 14.32到$ 16.43的範圍內上次購買了1.8142億個鏈接。這些目前處於水下的投資者，如果進行重新測試，可能會對價格產生一定的抵抗力，因為他們可能會迫切希望退出他們的收支平衡。