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Chainlink (LINK) Recently experienced a large outflow from exchanges like Binance, with a new wallet transferring over 329,000 tokens. The Chainlink Reserve also added nearly 90,000 tokens, leading to decreased liquidity supply. This accumulation of funds, combined with persistent spot buying and significantly more short liquidations than long liquidations, has suppressed downward pressure. Currently, the price is consolidating between the support level of $11.75 and the resistance level of $14.65. If the resistance is broken, it could potentially rise to $16.66.