Weak Hands Are Selling in Demirbas Altcoin: According to Santiment, This Could Be the Bottom!

Stating that weak hands sold in the altcoin project, Santiment pointed out a possible local bottom zone.

According to the data provided by the on-chain analysis platform Santiment, investor activities specific to Chainlink have created an opportunity. The data revealed that the investor community, called "weak hands", carried out a massive fear sale on July 8.

Stating that this community sold at a loss and witnessed a loss of $60 million on July 8, analysts stated that the FUD environment points to a local bottom zone:

Chainlink's weak hands showed signs of losing hope and released coins at significant levels. Yesterday's losses of 60 million on LINK are indicative of significant FUD by the trader and increase the possibility of a local bottom.

A similar situation specifically for LINK occurred on April 13, and that region managed to function as a local bottom.

According to CoinGecko data, LINK, which has increased by 1% in the last 24 hours, is traded in dollars at the time of writing.