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$LINK and the bullish wave of #RWAs in the middle of the night🔥
🔈News: Last night, Chainlink announced that it has completed testing with major banks like JPMorgan, Templeton, and BNY Mellon to accelerate the tokenization process. This is one of the next steps in bringing traditional Funds and Banks into the Crypto market.
📈Signal:
🔸#LINK has appeared in the Top 3 accumulations of Smart Money since yesterday morning, May 16.
Over the past month, when the price dropped to around $13 (+-3%), Smart Traders have been accumulating according to the Accumulation Overtime chart.
🔸Yesterday afternoon also saw a net withdrawal from CEX of -258K $LINK ~ -$3.52M.
🔸The bullishness of both Smart Money and Whales is reflected in the increase in their Balances.
🔸Smart DEX Traders made a large purchase of ~710K at 4 AM this morning, with a current sell-off of $406K from the Smart wallet 0x5604a0
This wallet actively trades $LINK on Ethereum and Arbitrum.
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Currently, the price of #Chainlink has turned back upon encountering resistance around $16. $ONDO is also gradually responding to the trend, up 7% in the past 24 hours.
What are your thoughts on the market's direction?
