Whale accumulation around Chainlink is getting hard to ignore as another 1.62 million $LINK worth over twenty two million dollars moved off exchanges, signaling strong conviction from smart money while retail continues to take profits after the recent rejection near fourteen dollars and ninety cents.
With exchange netflows turning negative and sustained large order activity persisting for nearly a month, liquidity is shifting toward long term holders.
If buying pressure scales enough to counter current sell volume, clearing fourteen becomes realistic and reclaiming fifteen to sixteen point seven enters view, but momentum indicators still warn of near term downside risk.
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Whale accumulation around Chainlink is getting hard to ignore as another 1.62 million $LINK worth over twenty two million dollars moved off exchanges, signaling strong conviction from smart money while retail continues to take profits after the recent rejection near fourteen dollars and ninety cents.
With exchange netflows turning negative and sustained large order activity persisting for nearly a month, liquidity is shifting toward long term holders.
If buying pressure scales enough to counter current sell volume, clearing fourteen becomes realistic and reclaiming fifteen to sixteen point seven enters view, but momentum indicators still warn of near term downside risk.
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