Chainlink ($LINK ) Rises 18% in 3 Days! See How Whales Are Boosting LINK's Recent Surge!
Click on the avatar for Live, watch the live stream to understand the bull market.
Chainlink's recent sharp rise has caught the attention of cryptocurrency investors. Over the past three days, LINK has rebounded from around $19, soaring approximately 18%.
Despite market volatility, LINK's rebound demonstrates strong asset strength.
The active buying by whales has provided momentum for the rise. Notable analysts point out that during the past 96 hours, large investors purchased over 1.4 million LINK. Such large-scale purchases typically imply increased confidence among major investors, suggesting a long-term bullish sentiment.
Click on the avatar for Live, watch the live stream to understand the bull market.
On-chain indicators show optimistic signals
According to AMBCrypto's analysis, LINK's on-chain indicators are showing a positive trend. In the past three days, outflows from exchanges have gradually decreased, indicating that fewer LINK holders are transferring their assets to exchanges for selling, reflecting optimistic market sentiment.
Although short positions still exist, Coinglass data shows that short positions are slowly declining, possibly due to market participants taking profits after the rise.
Whale activity suggests stronger upward movement
The continued accumulation by whales may indicate further price increases. Historically, increased whale activity is often a precursor to market rebounds. If this trend continues, LINK may continue to rise in the coming days.
Click on the avatar for Live, watch the live stream to understand the bull market.
