Chainlink is witnessing significant whale accumulation amid subdued retail interest, with 85 million LINK tokens withdrawn from exchanges, signaling a tightening supply.
This accumulation phase mirrors Bitcoin’s 2023 cycle, where institutional investors dominated while retail participation remained minimal, keeping prices range-bound.
Market analyst Tektonic highlights, “A breakout above $13.50 could propel LINK prices toward the $14.50-$15.00 range, reflecting a potential continuation pattern.”
Chainlink’s whale accumulation reduces exchange reserves by 40%, hinting at a supply squeeze amid low retail activity and stable prices between $12.76 and $14.00.
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Chainlink (LINK) is currently undergoing a notable phase of whale accumulation, with approximately 85 million LINK tokens withdrawn from exchanges. This significant reduction in available supply has led to a 40% depletion in exchange reserves, a trend that typically precedes price volatility. Despite this, retail investors remain largely inactive, contributing to a muted market environment where LINK prices fluctuate within a narrow band between $12.76 and $14.00. This dynamic closely resembles Bitcoin’s market behavior in 2023, where institutional players accumulated assets while retail engagement was minimal, setting the stage for future price movements.
Prominent market analysts such as Tektonic and Banker have observed that the current whale-driven accumulation is forming a potential continuation pattern. Tektonic specifically notes that the $13.50 price point serves as immediate resistance, and a confirmed breakout above this level could trigger a rally toward the $14.50-$15.00 zone in the short term. The restrained retail activity has so far limited price volatility, but the constrained supply on exchanges suggests that any resurgence in retail demand could amplify upward momentum. This scenario underscores the importance of monitoring both institutional and retail behaviors to anticipate future market shifts.
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Source: https://en.coinotag.com/chainlink-whale-accumulation-increases-amid-retail-apathy-potential-price-movement-possible/