Bitcoin, Chainlink & Sui — Asian Wrap 02 February

Bitcoin (BTC) price shows no signs of directional bias in the short term as it trades around $43,000. But the on-chain metrics reveal a clear bullish signal that could potentially kick-start the bull run. 

Chainlink (LINK) price has risen by more than 17% on Friday, reaching its highest level since January 2021, partly fuelled by sudden movements of long-held coins. Momentum indicators suggest that Chainlink’s upward trend is strong and may continue if positive sentiment is maintained.

Sui (SUI) price is down a fraction with heightened volatility as holders prepare for 34.62 million SUI tokens worth $53.31 million to hit the market as part of community early access program.  


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