Whales are buying on-chain! Chainlink (LINK) surged 18% in 3 days, what’s the secret behind it?
In just the past 72 hours, Chainlink (LINK) has exploded in the market with an astonishing 18% increase. After breaking the key support at $19, LINK rebounded strongly, and the continuous large-scale purchases by whales have been the driving force behind this surge. According to data, whales have accumulated over 1.4 million LINK in just 96 hours, indicating strong confidence from institutions and large holders regarding future trends.
This wave of increase not only showcases the power of whales but also signifies the market's formation of long-term bullish expectations for LINK. Meanwhile, the reduction in outflows from exchanges suggests that more LINK holders are choosing to hold rather than sell in the short term.
If whales continue to increase their holdings, the price is likely to continue breaking upward, with the possibility of surpassing higher resistance levels gradually increasing. Market sentiment is positive, and the bullish atmosphere is strong.
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