Whales Accumulate 1.38 Million LINK During Price Drop: Is a Bull Market Approaching?
Large cryptocurrency holders have purchased a significant amount of LINK as market dynamics shift. While the token's price remains close to $19, partnerships with traditional financial entities are on the rise.
Chainlink (LINK) has garnered attention from significant investors as prices dipped recently. During a drop to approximately $15, substantial wallet holders acquired over 1.38 million LINK tokens.
Currently, LINK is valued at nearly $19, indicating a 2% increase in the last 24 hours, but it remains down about 13% from the previous week.
Increased Holdings by Major Investors
According to analyst Ali Martinez, wallets with holdings between 100,000 and 1,000,000 LINK added a total of 1.38 million tokens during this downturn. This behavior suggests that institutional investors are augmenting their positions amid declining prices.
“Whales bought 1.38 million Chainlink $LINK in the recent dip! pic.twitter.com/Veukc6K1rb — Ali (@ali_charts) October 14, 2025
Recent on-chain data highlights a marked rise in whale balances as LINK approached local lows, echoing similar previous trends when significant buying preceded a price surge nearing $27.
Net Outflows from Exchanges
CryptoQuant provided data indicating a net outflow of 281,700 LINK from exchanges recently, reflecting that more LINK has exited trading platforms than what has been added. Such withdrawals are often a sign of accumulation rather than hastily liquidated positions, suggesting confidence among investors despite market fluctuations.
Expanding Use Cases with S&P Global Ratings
In collaboration with S&P Global Ratings, Chainlink is extending beyond traditional price feeds. This partnership aims to implement real-time Stablecoin Stability Assessments on-chain, bridging the gap between traditional finance and blockchain technologies.
Market Outlook
Analyst CRYPTOWZRD notes that LINK’s performance remains below the $20 resistance. A breakthrough could signal upward momentum towards $30.
“A bullish breakout of this resistance is going to trigger an upside rally.”
Currently, LINK’s pricing dynamics align closely with overarching market conditions, largely influenced by Bitcoin’s price movements. Short-term traders are advised to keep an eye on intra-day updates for potential next steps.
