2日前
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.