🎉🐳 Chainlink (LINK) is making waves! After a tough week, LINK saw a 4% gain in 24 hours. Whales are backing this trend, adding a whopping $77M to their LINK stash.
📉 Despite a 10% loss over the week, these big fish are showing confidence. Key on-chain metrics hint at a potential 10% price recovery.
🔑 Notable observations:
- LINK supply on exchanges dropped nearly 3% in two weeks, easing selling pressure.
- The 30-day MVRV ratio is at -9.34%, a crucial zone for price reversals.
- Realized losses by traders total over $47M, suggesting a possible recovery.
📈 Technical analysis is also bullish for LINK. If it reaches the $13.84 level, we could see a strong recovery.
What do you think? Are we on the brink of a LINK rebound? Let's discuss below! #LINK #CryptoNews #Whales 🚀🌕