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Chainlink price crashes by almost 20% as investors switch to selling LINK

Chainlink price is bearing the brunt of the broader market bearish woes as the altcoin slipped to a monthly low this week. The investors have not been of much help either since they are looking to offset their losses. However, the helm of recovery sits in their hands. Chainlink price is currently down by 9% in the last 24 hours, trading at $6.18. In this week alone, LINK has contracted by nearly 17%, even reaching as low as 20% during the intra-day trading hours on Thursday. The sudden shift in investor behavior arrived after a month and a half of rigorous accumulation, during which LINK holders purchased over 16 million LINK starting mid-June.

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