Chainlink (LINK) has seen a significant reduction in exchange reserves, with a decline of 34 million tokens since January, according to Coinotag. This decrease has brought the supply held on exchanges down to 15% of the total, suggesting strong investor accumulation and a potential reduction in selling pressure. Historically, such supply squeezes have been followed by price rebounds of up to 50% in previous cycles, indicating a possible bullish reversal. Additionally, futures taker buy dominance is rising, reflecting increased trader confidence in a potential upward trend for LINK.