Whales have swept up $263 million in LINK! Is the bear market channel about to be violently broken through? 🚨
The price of Chainlink has been trapped in a downward channel, but on-chain data reveals a completely different story: giant whales are hoarding frantically! Over the past week, large addresses have bought $263 million worth of LINK. This is often a precursor to a significant trend reversal.
Why is this important? When the price diverges from technical patterns (price consolidating/declining, but whales continue to buy), it often signals an accumulation phase. Once buying pressure exceeds selling pressure, the breakout can be very rapid. Currently, LINK is around $12.78, which is a critical decision point.
💡 Core Insight: Whales are voting with real money; they see catalysts that you cannot. This is not retail following the trend; it is the layout of smart capital. Pay attention to the resistance at the upper channel; a volume breakout is a confirmation signal.
#Chainlink #LINK #Whale Movement #Cryptocurrency #Trading Signals #Binance Square
