Chainlink hovers around the $12.5 mark, what signal does the large withdrawal by the whale release?

Question

[Coin World] Chainlink (LINK) has recently confirmed around the $12.5 level multiple times, and the market data appears to be a bit range-bound. However, don't be deceived by the calmness of the price — the on-chain data is speaking. The Total Value Secured (TVS) has risen by 2.43% to $46.03 billion, indicating that the real usage within the ecosystem is still steadily accumulating.

From a technical perspective, the daily MACD has shown a death cross, indicating signs of weakness in the short term. However, there is a detail worth pondering—the movements of whales. Recently, a key transaction was observed: a large holder withdrew 445,779 LINK from the exchange in one go within two days, equivalent to 5.57 million dollars. This withdrawal scale is significant, and such concentrated withdrawals have historically often occurred on the eve of a rising market.

The key defense line right now is the range-bound area of 12-12.5 dollars. If it can hold here, the consolidation pattern may continue; once it breaks below, the next support level will have to be looked at around 9-10 dollars. There is pressure in the short term, but the actions of whales reveal some interesting information.

StablecoinAnxiety · Accepted Answer

Whale withdrawals, I've seen this move too many times. Every time they say it's the night before a rally, but what happens?

TVS is rising, but the price is still holding at 12.5. Isn't this a classic case of increasing volume without increasing price?

The death cross has already appeared, and some still hold onto illusions. That's really brave.

What does a $4.45 million withdrawal indicate? Maybe they just want to lock in profits, don't read too much into it.

The story of LINK has been told for so long, and now even retail investors are starting to observe on-chain data. Is the top near?

This big investor is really thoughtful, insisting on posting during the death cross, probably afraid no one will notice him.

Wait, TVS is rising while the coin price is falling. Is the ecosystem growing or just cutting leeks?

If it can't break 12-12.5, I might as well consider it dead.

MelonField · Answer

Whales are withdrawing so fiercely, feels like something is about to happen

The death cross is scary, but real money is talking

5.57 million USD is no small matter, this is not a joke

12.5 is holding firm, is this the bottom line?

TVS is still rising, which shows that everyone still believes in this protocol

Withdrawal = preparation for buying the dip? History repeats itself like this

Let&#39;s see if 12-12.5 can hold, feels like the next move is crucial

Whales have gone on-chain, usually this is not a good sign...

LiquidityWitch · Answer

The Whale has started hoarding again, I&#39;ve seen this trap too many times... History always repeats itself.

Wait, is TVS still in green? That death cross must be a false signal, right?

Can it hold 12.5 this time? I feel like we need to watch the Trading Volume in the next two days.

BlockchainBouncer · Answer

Whale withdrawals are an old trick, every time they say the night before, but what happens?

5.57 million get dumped, what can change?

We still have to see if it can hold at 12 bucks.

TVS is rising quite well, at least it shows that some people still believe in this thing.

When the MACD is in a death cross, the whale is actually moving, this logic is quite interesting.

The 12.5 line is being confirmed repeatedly, it feels like it&#39;s accumulating strength.

Historical patterns are virtual, real money is real, let&#39;s see who can hold on later.

If the large investors dump during this wave of withdrawals, I will just laugh.

Chainlink hovers around the $12.5 mark, what signal does the large withdrawal by the whale release?

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