LINK has recently broken out of a bullish flag pattern after a consolidation period, with a price increase of 1.65% in the last 24 hours, contributing to a 22.35% gain in the past week.
The surge in large transactions indicates heightened activity, with 593 transactions involving over 10 million LINK in the past 24 hours, highlighting strong bullish sentiment among large investors.
High outflows of LINK from exchanges signal potential supply constraints as traders choose to hold their assets long-term, which may contribute to an extended price surge if the trend continues.