Chainlink exchange reserves tumbled to two‑year lows, dropping from almost 198 million to 145.4 million.
Meanwhile, LINK price has climbed from $7 to $25 within the period, signaling continued accumulation by investors amid supply crunch and growing institutional demand.
Chainlink Supply on Crypto Exchanges Fell to a 2-Year Low
Chainlink exchange reserve hit two-year lows as analysts tracked supply reduction against fast price expansion, according to CryptoQuant data.
It dropped more sharply across September, causing a rebound in prices. LINK token reserves on crypto exchanges fell from above 198 million tokens in early 2023 to about 145.4 million by September 30.
The data clearly showed a decline in exchange reserves while market value accelerates, creating a notable supply‑demand divergence.
Chainlink exchange reserves declined due to continuous withdrawals by institutional and retail investors. This caused a lower liquid supply against rising demand, which supports the price rally.
LINK Price Pumps as Chainlink Supply Drops Amid Institutional Demand
Over the same period, LINK price moved from nearly $6 to above $20. This pattern indicated persistent withdrawals from trading venues and a shrinking pool of immediately available liquidity.
From late 2024 into 2025, LINK started recovering from $8 to $30, while exchange reserves reached two‑year lows.
Institutional interest and on-chain infrastructure developments have driven upside price momentum in Chainlink.
Recently, the oracle platform has introduced the Chainlink Digital Transfer Agent (DTA), with UBS Asset Management becoming the first major institution to use it.
It also partnered with SWIFT to bring traditional finance, especially cross-border payments, on-chain.
On October 1, Deutsche Borse Market Data and Services formed a strategic partnership with Chainlink to publish its market data on-chain, providing real-time data to clients.
Chainlink (LINK) Price Prediction: Rally to New ATH
LINK price jumped more than 5% in the past 24 hours, with the price currently trading at $22.42. The 24-hour low and high were $21.02 and $22.28, respectively.
Trading volume has increased by 27% in the last 24 hours, which supported the rise in prices amid an uptick in interest among traders.
As per Chainlink price prediction by Analyst Ali Martinez $47 is the next target for LINK price as it defended $20 support.
Meanwhile, analyst Michael van de Poppe also highlighted that Chainlink is getting into a higher timeframe support zone.
It has a very high chance to hold above $20, with the next rally towards a new all-time high (ATH).
In the daily timeframe, the price was below the 50-SMA at $23.46. This will be the key level to break for a rally. Meanwhile, the price was moving clearly above 100-SMA and 200-SMA at the time of writing.
Whereas, the Relative Strength Index (RSI) climbed to 49.74, signaling potential for a further upside move.
CoinGlass data showed massive buying in the derivatives market. At the time of writing, the total LINK futures open interest jumped 6% to $1.35 billion in the last 24 hours.
The 24-hour LINK futures open interest on Binance, OKX, and Bybit climbed more than 4%, 3.50% and 7%, respectively. This signals bullish sentiment among derivatives traders.