Chainlink (LINK) is showing bullish momentum as whales accumulated 1.25 million LINK and exchange outflows reduced tradable supply, while rising spot volume and $180K in recent short liquidations increase upside squeeze risk for LINK near $23.
Whales bought 1.25M LINK, signaling large-holder accumulation
Exchange net outflows of ~$1.84M reduced liquid supply and raised squeeze potential
Short liquidations of ~$180K vs ~$14K in longs amplified upside pressure; LINK trading near $23.44 (TradingView).
Chainlink LINK price outlook: whales accumulate 1.25M LINK, exchange outflows cut supply, short squeezes add upside risk — read the latest market signals and targets.
What is driving Chainlink’s recent LINK rally?
Chainlink (LINK) rally is driven by concentrated whale accumulation, reduced exchange reserves and accelerating spot volumes that together increase the odds of a supply squeeze. These on-chain and market indicators, combined with bullish weekly technicals, have pushed LINK above key Fib levels and raised near-term upside targets.
How significant is whale accumulation and exchange outflow?
Whales purchased roughly 1.25 million LINK in the last 48 hours, a notable accumulation for a single altcoin move. Exchange Netflows recorded a recent outflow of about $1.84 million, indicating fewer tokens on centralized venues and less immediate sell liquidity (CryptoQuant, on-chain flows reported as plain text).
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Weekly charts suggest a rounded bottom pattern, implying an extended accumulation phase followed by an attempted breakout. LINK cleared the $23.69 Fibonacci extension and is testing resistance inside the $28–$32 supply zone.
Key Fib-based targets if momentum continues: $31.57, $39.45, and $44.32. Conversely, failure to hold above $23 could prompt a retest of support near $18.82 (Technical reference: TradingView, presented as plain text).
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