Chainlink Whales Move Millions as LINK Eyes Potential Bullish Surge
Chainlink (LINK) has faced turbulence following the recent crypto market downturn, which significantly affected the token’s price trajectory. Despite attempts at recovery, bears have maintained a firm grip on the market, and LINK continues to face strong upward resistance. Yet, a notable trend is emerging as whales move millions of LINK, hinting at possible accumulation and a future price rally.
During the recent pullback, LINK’s price dropped to lows near $8.25, attracting substantial interest from large holders. Whales reportedly accumulated over a million LINK while retail traders were selling in panic. This behavior points toward strategic positioning by smart money, signaling confidence in the token’s long-term prospects.
LINK Withdrawals Signal Strategic Accumulation
Data from Lookonchain reveals that a newly created wallet withdrew approximately 934,516 LINK—valued at nearly $16.94 million—from Binance. Such large withdrawals typically indicate deliberate accumulation rather than short-term speculation. By moving tokens off exchanges, whales effectively tighten the circulating supply, creating potential upward pressure on LINK’s price.
Market analysts interpret these movements as a sign of long-term conviction, suggesting that institutional and large-scale investors are preparing for a future bullish trend.
Technical Outlook: Short-Term Bears, Long-Term Bulls
Chainlink’s recent price action shows the token struggling to reclaim previous highs. The price has been trading within a descending channel, and the recent pullback has broken short-term bullish patterns. LINK’s weekly chart shows that the token dropped below the 50-day weekly moving average for the first time since July 2025, while the weekly MACD turned bearish, indicating possible short-term continuation of the downward trend.
Analysts warn that LINK could experience a 25% pullback before regaining bullish momentum. However, despite these short-term bearish signals, the long-term outlook appears promising. Chainlink is forming a potential massive bullish wave, which could drive the price toward $30 after absorbing selling pressure and consolidating key support levels.
What Traders Should Watch
Traders and investors should monitor whale activity closely, as large LINK movements often precede significant market shifts. Key price levels include the current support near $8.25 and potential resistance at $10–$12 in the short term. A successful accumulation phase by whales could tighten supply and set the stage for a powerful upward move.
Moreover, LINK’s long-term bullish prospects remain intact due to continued interest from smart money, underlying network developments, and overall market recovery. Should the token sustain buying pressure and break critical resistance levels, a recovery toward $30 could be on the horizon.
Conclusion
While Chainlink faces short-term bearish pressures, whale accumulation signals growing confidence in the token’s long-term potential. Strategic moves off exchanges, combined with technical indicators, suggest that LINK could be positioning for a significant bullish rally once selling pressure subsides.
Investors should stay alert to market developments, particularly whale activity and key technical levels, to navigate LINK’s volatility and capitalize on potential upward trends.
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