LINK whale whale accumulation: Can the price break through $14.7 after exchanging 800,000 tokens?

Question

【Crypto World】Large holders have been active recently, continuously withdrawing funds from a major exchange and a compliant platform within two weeks. The total outflow of Chainlink (LINK) has reached nearly 800,000 tokens, which is approximately 10.9 million USD at current market rates. These big players’ strategy is quite clear—gradually building positions while spot market funds are also continuously flowing out, leading to a tightening of tradable liquidity.

On the technical side, LINK has successfully broken through the long-term downtrend channel and is currently hovering around $13.7. Interestingly, the bullish sentiment in the derivatives market is extremely high, with top traders’ long exposure ratio reaching 2.59x. This extreme positioning indicates a shift in market expectations.

Based on the current liquidity distribution and market structure, if LINK can effectively hold above the key resistance level of $14.7, it may usher in a stronger upward trend. The combination of big players bottom-fishing, retail traders turning bullish, and technical breakouts indeed adds a lot of imagination to the market.

ChainWatcher · Accepted Answer

Whales are starting to stock up again, this rhythm feels a bit familiar...

Wait, a 2.59x long exposure? Is this to pump the market or set a trap?

With 800,000 tokens withdrawn and liquidity so tight... could it drop even further?

Only after breaking the key level at 14.7 would I dare to buy in. If I go now, I might just get slaughtered haha

It seems like big players are setting traps for retail investors again. I think I'll just watch and wait.

QuietlyStaking · Answer

The whales are secretly bottom fishing again, this rhythm feels a bit familiar...

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2.59x leverage long? How many times does it need to explode to break even...

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Is it really true or false, is $10.9 million so sweet?

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Liquidity has been squeezed dry, retail investors should probably run away.

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Breaking through the downtrend channel and it's over? Let's wait and see if it can stabilize first.

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I follow the big players building positions, anyway there's nothing to lose.

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14.7, this key resistance level, I bet it can't break.

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Every time they say "market expectations have changed," but it turns out to be the same...

not_your_keys · Answer

Whales are partying again, pouring in 800,000 LINK. This pace is a bit intense.

2.59x leverage? That's basically betting on breaking 14.7, but I really don't understand it.

Liquidity is so tight, yet they still dare to push down. Aren't they afraid of crashing the market?

When big players are building positions, I just watch. Anyway, I know whether 14.7 will break or not.

If this wave fails... all beings are equal, haha.

Breaking through the channel doesn't mean the price will rise. Be cautious of a wave.

The bulls are so tightly grouped, but a quick short can wipe out the entire market. The script is so old.

AirdropHunterXM · Answer

Whales are starting to accumulate again. I really can't tell if LINK can break through 14.7 this time.

This bullish sentiment feels too extreme. 2.59x leverage... if it pulls back, it could be pretty brutal.

Putting in 800,000 tokens—hope it's not just the whales harvesting new retail investors again.

Liquidity crunch is quite interesting, but I’m more curious to see how retail investors will take the bait.

If it can't break 14.7, I’ll keep observing. No need to rush into buying.

LiquidationWatcher · Answer

Whales are quietly accumulating again, I’m familiar with this rhythm... Liquidity is locked up, 14.7 is the real dividing line.

DefiPlaybook · Answer

Wait, a 2.59x long exposure? Isn't this just the classic prelude to "longs killing longs"? Be careful, everyone.

Institutional investors are building positions, but the liquidity is so tight that it’s a bit scary.

80 million chips changing hands sounds pretty frightening, but can this really push the price up? It still depends on subsequent capital support.

The 14.7 level feels a bit overhyped. I want to see what happens if it drops further.

On-chain data looks good, but overly bullish derivatives sentiment is often not a good sign... A bloody lesson, everyone.

GasFeeTherapist · Answer

鲸鱼又在暗戳戳建仓，这套路我见过太多次了...真要破14.7才算数

LINK whale whale accumulation: Can the price break through $14.7 after exchanging 800,000 tokens?

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