$LINK

LINK Spot Depth Insight | December 7, 2025

Core Situation: Whales and Institutions' Long-term Layout Encountering Continued Retail Selling

Chainlink (LINK) price has gently risen to $13.92. The market presents a stark opposition: whales and ETF funds are strategically accumulating, while retail selling pressure and the coolness of the derivatives market are suppressing short-term explosive potential.

🚀 Key Highlights: Why is Long-term Value Being Reassessed?

1. Whales Show "Bulk Buying" Accumulation:

Large-scale accumulation behavior has appeared on-chain, with whales withdrawing 22,010,000 LINK in a single transaction, and another entity increasing its holdings by 13,900,000 LINK. This indicates that participants with information and capital advantages are viewing LINK as a key asset for the next stage.

2. Institutional Channels Officially Opened and Funded:

· Grayscale Spot LINK ETF (GLNK) has been launched and has achieved four consecutive days of net inflow.

· This move not only provides a compliant entry for traditional funds but also positions LINK as "the infrastructure asset connecting traditional finance and the crypto world," with its valuation logic undergoing a significant transformation.

3. Technical Indicators Issue Key Bullish Signals:

· Short-term moving averages forming a golden cross (7-day EMA crossing above 25-day and 99-day EMA).

· MACD indicator forming a golden cross above the zero axis and histogram expanding.

This is a multi-timeframe resonance signal indicating a potential fundamental reversal of the trend.

⚠️ Key Risks: Why Does the Uptrend Still Seem Hesitant?

1. Continuous Retail Selling Pressure:

Although whales are buying, on-chain data has shown for three consecutive days that the "Buy-Sell Delta value is negative," and the price has faced strong rejection at the key level of $14.9. This indicates that the tendency for "retail investors to reduce holdings at highs" is very strong, creating ongoing supply pressure.

2. Sudden Decline in Derivatives Market Activity:

The open interest of LINK futures has sharply dropped from 658 million to 598 million. Such a degree of decline usually indicates that leveraged speculative funds are withdrawing, leaving the market lacking explosive buying pressure driven by derivatives.

💬 Community Sentiment and Market Phase

Community sentiment is dominated by bullish narratives, focusing on whale accumulation, ETF inflows, and LINK's core role in the tokenized economy.

Follow me to capture key breakout opportunities for LINK in the struggle between infrastructure narratives and market sentiment.