🚨 $LINK WARNING: Whales Are Selling While Shorts Take Control 🚨
This is a clear shift in Chainlink (LINK), not market noise.
In the last 24 hours, top holders reduced exposure by roughly $23.5M, with about 1.92M LINK moved out. That flow is nearly 29 times higher than the normal daily average. This is not retail activity. This is large wallets cutting risk.
At the same time, derivatives sentiment turned sharply bearish. On Deribit, the LINK_USDC perpetual funding rate dropped to around -0.031. Shorts are paying to stay open, which shows strong downside conviction. When funding looks like this, upside usually struggles.
This combination matters. Distribution from big holders while funding stays deeply negative means confidence at current prices is fading. LINK’s long-term fundamentals didn’t change, but short-term price does not move on fundamentals. It moves on liquidity and positioning.
Chasing green candles here is risky. Without fresh accumulation, bounces are likely to be sold. Right now, this is a risk zone, not strength.
Watch holder flows. Watch funding.
Price will follow.
