{"id":539435,"date":"2025-10-23T02:30:00","date_gmt":"2025-10-22T21:00:00","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=539435"},"modified":"2025-10-22T19:01:24","modified_gmt":"2025-10-22T13:31:24","slug":"chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/","title":{"rendered":"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5?"},"content":{"rendered":"

Key Takeaways<\/strong><\/h2>\n

Why is Chainlink dropping?<\/em><\/h3>\n

A whale sold 1.62 million LINK as Spot Taker CVD showed weeklong sell dominance.<\/p>\n

What lies ahead for the LINK price?<\/em><\/h3>\n

If LINK stays under $16.50, liquidation clusters hint at another 45% drop.<\/p>\n

\n

A large whale offloaded 1.62 million Chainlink [LINK]<\/a> <\/span>worth $28.9 million, intensifying selling pressure across the market.<\/p>\n

The move raised<\/a> concerns about whether LINK\u2019s bearish trend could deepen or if a short-term rebound might follow.<\/p>\n

Sellers keep control<\/strong><\/h2>\n

This massive dump occurred when the overall cryptocurrency market was struggling to gain momentum, and LINK was no exception. <\/span><\/p>\n

At press time, LINK traded at $17.40, down 3.35% in 24 hours, per CoinMarketCap. Trading volume surged 18% to $1.23 billion, signaling strong speculative activity despite the decline.<\/p>\n

In addition, the latest data from CryptoQuant revealed that the Spot Taker CVD (Cumulative Volume Delta) for the past week showed a strong Taker Sell dominance in the market.\u00a0<\/span><\/p>\n

\"Chainlink<\/a>
Source: CryptoQuant<\/figcaption><\/figure>\n

Between the 15th and 22nd of October, the chart showed consistent red bars, suggesting that sell-side pressure outweighed buying activity throughout the week. <\/span><\/p>\n

This indicated that market participants are increasingly offloading their holdings, hinting at a possible continuation of bearish momentum, unless buying interest returns in the coming days.<\/span><\/p>\n

LINK price action and upcoming level<\/b><\/h2>\n

LINK\u2019s bearish outlook had further strengthened due to its price action, as it appeared to be forming its second consecutive red candle on the daily chart, hovering near the key support level of $16.50.<\/span><\/p>\n

On the daily chart, LINK hovered near $16.50 support, printing its second consecutive red candle and remaining below the 200-day EMA ($18.97).<\/span><\/p>\n

Meanwhile, its Average Directional Index (ADX) stood at 39.31 (well above the key threshold of 25), indicating strong directional momentum, which suggested that the trend may continue in the coming days.<\/span><\/p>\n

\"Chainlink<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Based on price action, a sustained hold above $16.40 might spark a 23% recovery toward $21.50. Failure to hold this zone could lead to a 45% decline toward $8.70, mirroring prior breakdown levels.<\/p>\n

Liquidation Map signals resistance at $18.5<\/strong><\/h2>\n

Derivative metrics echoed similar weakness. CoinGlass\u2019s LINK Exchange Liquidation Map showed heavy short positioning around $18.50, totaling $21.05 million, compared to $7.19 million in long positions near $17.10.<\/span><\/p>\n

\"LINK<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n

Across exchanges, Binance, OKX, and Bybit contributed to cumulative short leverage.<\/p>\n

The data indicated traders expected LINK to stay capped under $18.50, viewing any bounce as a shorting opportunity rather than a breakout setup.<\/p>\n","protected":false},"excerpt":{"rendered":"

A whale\u2019s $28.9M Chainlink dump pushed the price to key support. If it breaks, $8.70 could be next.<\/p>\n","protected":false},"author":97,"featured_media":539467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6380,66,3,4,20],"tags":[],"class_list":["post-539435","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-chainlink-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nChainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Chainlink faces selling pressure as a whale dumps $28.9M worth of LINK, with on-chain data and price action signaling further downside.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"A whale\u2019s $28.9M Chainlink dump pushed the price to key support. If it breaks, $8.70 could be next.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-22T21:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Chandan-12_11zon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chandan Gupta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chandan Gupta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"ReportageNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/\"},\"author\":{\"name\":\"Chandan Gupta\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/867ebcdd8a8f0ccf1ee9692a9613986d\"},\"headline\":\"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5?\",\"datePublished\":\"2025-10-22T21:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/\"},\"wordCount\":408,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Chandan-12_11zon.jpg\",\"articleSection\":[\"Altcoin\",\"ChainLink\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/#respond\"]}],\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/\",\"name\":\"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5? - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Chandan-12_11zon.jpg\",\"datePublished\":\"2025-10-22T21:00:00+00:00\",\"description\":\"Chainlink faces selling pressure as a whale dumps $28.9M worth of LINK, with on-chain data and price action signaling further downside.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Chandan-12_11zon.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Chandan-12_11zon.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5?\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/867ebcdd8a8f0ccf1ee9692a9613986d\",\"name\":\"Chandan Gupta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/1000007233-e1773645565883-150x150.jpeg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/1000007233-e1773645565883-150x150.jpeg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/1000007233-e1773645565883-150x150.jpeg\",\"caption\":\"Chandan Gupta\"},\"description\":\"Chandan Gupta is is a seasoned crypto analyst with over four years of experience in market research and trading. He specializes in simplifying complex on-chain data to uncover the strategies of crypto whales and major market participants. Alongside on-chain analysis, he breaks down price charts and liquidity movements to deliver clear, actionable insights.\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/chanakya-g\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5? - AMBCrypto","description":"Chainlink faces selling pressure as a whale dumps $28.9M worth of LINK, with on-chain data and price action signaling further downside.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/","og_locale":"en_US","og_type":"article","og_title":"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5? - AMBCrypto","og_description":"A whale\u2019s $28.9M Chainlink dump pushed the price to key support. If it breaks, $8.70 could be next.","og_url":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2025-10-22T21:00:00+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Chandan-12_11zon.jpg","type":"image\/jpeg"}],"author":"Chandan Gupta","twitter_card":"summary_large_image","twitter_creator":"@CryptoAmb","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Chandan Gupta","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"ReportageNewsArticle","@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/"},"author":{"name":"Chandan Gupta","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/867ebcdd8a8f0ccf1ee9692a9613986d"},"headline":"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5?","datePublished":"2025-10-22T21:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/"},"wordCount":408,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Chandan-12_11zon.jpg","articleSection":["Altcoin","ChainLink","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/#respond"]}],"copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/","url":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/","name":"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5? - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Chandan-12_11zon.jpg","datePublished":"2025-10-22T21:00:00+00:00","description":"Chainlink faces selling pressure as a whale dumps $28.9M worth of LINK, with on-chain data and price action signaling further downside.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/chainlink-whale-dumps-29-mln-can-link-bulls-defend-16-5\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Chandan-12_11zon.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/10\/Chandan-12_11zon.jpg","width":1920,"height":1080,"caption":"Chainlink whale dumps $29 mln \u2013 Can LINK bulls defend $16.5?"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/867ebcdd8a8f0ccf1ee9692a9613986d","name":"Chandan Gupta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/03\/1000007233-e1773645565883-150x150.jpeg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/03\/1000007233-e1773645565883-150x150.jpeg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/03\/1000007233-e1773645565883-150x150.jpeg","caption":"Chandan Gupta"},"description":"Chandan Gupta is is a seasoned crypto analyst with over four years of experience in market research and trading. He specializes in simplifying complex on-chain data to uncover the strategies of crypto whales and major market participants. Alongside on-chain analysis, he breaks down price charts and liquidity movements to deliver clear, actionable insights.","url":"https:\/\/ambcrypto.com\/author\/chanakya-g\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/539435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/97"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=539435"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/539435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/539467"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=539435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=539435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=539435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}