链上的数据显示，连锁链接（链接）已经看到了一个月的流出，这可能证明是替补币的价格看涨的。

ChainLink Exchange NetFlow最近是负面的

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，市场情报平台Intotheblock讨论了Chainlink的交换NetFlow（链接）的趋势。

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”是一个链度度量，可测量与集中交换相关的钱包中或从钱包中流出或流出的加密货币的净量。该指标的积极价值意味着投资者正在将更多的代币转移到这些交易所中。

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.

由于持有人将硬币转移到交流的主要原因之一是出于销售相关的目的，因此这种趋势可能对资产的价格产生看跌的影响。

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，当指标处于负区域时，它表明交换流出大于流入。通常，投资者想长期将硬币从中央实体的监护权中移开，因此这种趋势可以对加密货币产生看涨的影响。

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

现在，这是分析公司共享的图表，该图显示了过去一个月的链链接交易所NetFlow的趋势：

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.

如图所示，几乎在过去一个月中，链接链Netflow一直处于负面区域，这意味着投资者一直在交流中不断提款。

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.

在此期间，交易所总共注册了1.2亿美元的净流出。这样的趋势可能表明，投资者正处于积累阶段，因为他们将硬币从交易所的监护权中转移出来。

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.

在过去的几天中，Link的价格恢复了一些，这可能是这种购买活动的影响。 Exchange Netflow在未来几天都要关注，因为接下来的地方也可能会对硬币产生影响。

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，持续的流出条纹将是链链链接的看涨标志，而看到逆转正区域的指标可能意味着恢复运行的看跌端。

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.

说到价格恢复，正如分析师阿里·马丁内斯（Ali Martinez）在X帖子中解释的那样，链上数据可能会暗示下一个主要的阻力墙可能位于链接的位置。

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.

从上图来看，Chainlink投资者上次在$ 14.32到$ 16.43的范围内上次购买了1.8142亿个链接。这些目前处于水下的投资者，如果进行重新测试，可能会对价格产生一定的抵抗力，因为他们可能会迫切希望退出他们的收支平衡。