Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Is another 31% rally coming?
BITCOIN NEWS

Is another 31% rally coming?

By Crypto FlexsNovember 29, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is another 31% rally coming?
Share
Facebook Twitter LinkedIn Pinterest Email

On-chain data shows that the last Chainlink signal reversed before the asset price rose 31%.

The Chainlink Lifetime Consumption indicator has recently observed a sharp spike.

According to data from on-chain analytics firm st tly, LINK has recently seen significant movement in older coins. The relevant indicator here is “Age Consumed,” which tells you whether dormant Chainlink tokens are currently moving.

A large spike in the value of an indicator is a sign that the blockchain is currently observing the movement of a significant number of older coins. These dormant tokens belong to a group called “long-term holders” (LTHs), made up of the sector’s ruthless hands.

So these indicator spikes could be something to watch out for. Because this means that LTH, which has generally stayed quiet no matter what happens in the broader market, has decided to break its dormancy.

We now have a chart showing the Chainlink Age Consumed trend over the past few months.

The value of the metric appears to have shot up recently | Source: Santiment on X

As you can see in the graph above, the Chainlink Age Consumed indicator has been on a sharp uptrend recently, suggesting that LTH is trading.

At the peak of the recent surge, the indicator was worth $4.28 billion, its highest level since mid-September. At that time, the indicator recorded a surge that nearly doubled in size, and interestingly, a 31% rally followed over the next few weeks, with LINK rising from $6.36 to $8.22.

It is difficult to say whether a similar pattern will repeat itself for Chainlink this time around, as LTH may have broken its silence for a number of reasons, including a sale.

The analyst pointed out As you can see in the chart below, whales did a lot of trading yesterday (around the same time as the consumer age spike).

chainlink whale trading

Looks like the metric has spiked up | Source: @ali_charts on X

In total, the Chainlink network observed 2,600 transactions worth more than $100,000 yesterday. This surge will confirm that LTH, which has broken its dormancy, is not just an investor but a whale.

Individually, it is difficult to say why these two indicators have soared recently. Nonetheless, the latest LINK news probably makes the most likely explanation clear.

Yesterday, Chainlink staking v0.2 was released on the Ethereum blockchain, allowing v0.1 stakers to migrate to the new network. Therefore, considering the age of consumption and the near spike in whale trading numbers, it seems very likely that these LTHs will be transferred to new staking pools.

link price

Chainlink recently observed a slight decline to the $13.7 level, but it looks like the asset has already recovered as it is currently trading around $14.7.

Chainlink price chart

LINK has already recovered from its recent lows | Source: LINKUSD on TradingView

Featured image from iStock.com, chart from TradingView.com, Santiment.net

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Futures Traders Return to Pumping BTC: Will It Last?

October 21, 2025

ZBCN is tradable!

October 15, 2025

Mobile App Change Log 7.17.0

October 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 2025

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

Shamir’s Secret Sharing (SSS) for secure quantum data storage

October 25, 2025

MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem.

October 25, 2025

Bitcoin price surpasses $125,000 and hits ATH.

October 25, 2025

People Are Earning Thousands Of Dollars A Day

October 25, 2025

The $19 billion cryptocurrency collapse: A catalyst for Bitcoin to reach $200,000 by 2025: Standard Chartered

October 25, 2025

Humanity protocol price rises by 70% with launch of sustainable digital ID

October 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025
Most Popular

Fastest Growing GambleFi Stake Meme Token Presale Raises Over $6.7 Million

January 14, 2024

CryptoGames Unveils New Gambling Challenges and Exciting Black Friday Rewards

December 5, 2024

Ether Leeum Price Rally is more than $ 2.8K for two weeks-suggests that data is a pump dump.

February 17, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.