Simple math.
The total supply is 1 billion LINK, and only about 160 million of that is available for people to buy and sell. Two months ago, this reserve was around 180 million; now it's down to 160 million.
Another 20 million LINK have left the exchanges. So, the amount available for ordinary people to buy and sell is dwindling. Exchanges have never had such low LINK reserves. Market makers don't want small investors holding $LINK.
And they know exactly how to do it. So, where is the majority of this supply? Institutions, asset management companies, large capitals like $LINK treasury companies, and large node operators, etc. They already hold an average of 700-750 million $LINK, or 70-75% of the total supply. So, it's clear who market makers want to own LINK and who doesn't. When the price drops, small investors flee in fear, while large capitals continue to accumulate. These declines have completely shattered the faith of the last remaining small investors. So much so that when the market rebounds, many of those remaining will settle for 3-5 cents, say "damn it," and exit, fearing a repeat.
The total supply is 1 billion LINK, and only about 160 million of that is available for people to buy and sell. Two months ago, this reserve was around 180 million; now it's down to 160 million.
Another 20 million LINK have left the exchanges. So, the amount available for ordinary people to buy and sell is dwindling. Exchanges have never had such low LINK reserves. Market makers don't want small investors holding $LINK.
And they know exactly how to do it. So, where is the majority of this supply? Institutions, asset management companies, large capitals like $LINK treasury companies, and large node operators, etc. They already hold an average of 700-750 million $LINK, or 70-75% of the total supply. So, it's clear who market makers want to own LINK and who doesn't. When the price drops, small investors flee in fear, while large capitals continue to accumulate. These declines have completely shattered the faith of the last remaining small investors. So much so that when the market rebounds, many of those remaining will settle for 3-5 cents, say "damn it," and exit, fearing a repeat.
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