Chainlink accumulation deepens as large wallets pull LINK from exchanges and test key resistance levels

Large Chainlink holders recently withdrew significant LINK from Binance and added to reserves, tightening exchange-side supply while price stayed relatively muted. LINK rebounded from a demand zone toward channel resistance between $13.20 and $13.50, with $11.75 acting as key support and $14.65 and $16.66 overhead. Derivatives data showed short liquidations of about $59.46k versus $10.55k for longs on 26 December, pointing to fading downside pressure as buy-side absorption persisted under resistance.