LINK’s exchange balance is shrinking at a pace that matters far more for market structure than for short-term price oscillators. According to the latest Santiment update, more than 15.7 million LINK—roughly 12% of the known exchange supply—left trading platforms over the past month. Sunday alone saw net outflows of 1.04 million tokens, one of the largest single-day moves during the entire stretch. That kind of draining of readily sellable supply resets the supply-demand dynamic in a tangible way.