LINK: Institutions are increasing their holdings, and the price is testing the waters — is $12.78 the bottom?

Question

【Crypto World】An interesting phenomenon has emerged. The fund flow for Chainlink is a bit different—since the launch of Grayscale’s LINK ETF in early December, there have been no outflows, with a net inflow of $54.69 million. Sounds pretty hot, right? But what about the price? Over the past month, it has actually fallen 11.1%, and the current trading price is $12.78.

Even more interesting is the activity on the wallet side. The top 100 large holders have been quietly buying since November last year, accumulating a total of 20.46 million LINK, with the asset’s market value reaching $263 million. In other words, institutions are quietly accumulating, but the market price hasn’t really caught up.

This situation of “institutions increasing holdings while prices are pulling back” may indicate that LINK is undervalued. Analysts’ views also point in the same direction—the support from US regulators for pilot projects of tokenized assets, along with LINK’s core position in stablecoins and asset tokenization, could all serve as catalysts for the next upward wave. In other words, the current low price might just be an overlooked opportunity window.

ImpermanentPhilosopher · Accepted Answer

Institutions are frantically buying up, yet prices are still falling? This is outrageous, it feels like they're waiting for some major event to happen.

BlockTalk · Answer

A typical dump to absorb the chips, institutions are playing chess while retail investors are watching the K-line. Is the price of 12.78 really attractive?

LightningPacketLoss · Answer

Institutions are buying up frantically while prices are still falling. This doesn't seem right... Are they waiting for an even lower level? 12.78 feels like it might drop further.

MEVHunterX · Answer

Institutions are pouring money in like crazy, but the price is still falling. Isn't this the best opportunity to get on board? The top 100 largest holders have accumulated 20.46 million coins. I choose to believe in their choice; the bottom is right here.

ImpermanentPhobia · Answer

Institutions are quietly accumulating, while we're still hesitating—that's the difference between retail investors and smart money.