{"id":618856,"date":"2026-07-24T03:00:23","date_gmt":"2026-07-24T07:00:23","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=618856"},"modified":"2026-07-24T00:55:21","modified_gmt":"2026-07-24T04:55:21","slug":"will-whales-14m-link-move-spur-chainlinks-latest-price-breakout","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-whales-14m-link-move-spur-chainlinks-latest-price-breakout\/","title":{"rendered":"Will whales’ 14M LINK move spur Chainlink’s latest price breakout?"},"content":{"rendered":"

Whales accumulated more than 14 million LINK over the last three weeks, strengthening the bullish narrative despite the market’s recent consolidation.\u00a0<\/span>This buying activity<\/span> hinted at growing confidence among large holders, instead of aggressive profit-taking.\u00a0<\/span><\/p>\n

The steady increase in whale balances may be a sign that institutional-sized participants preferred accumulating during periods of stable prices, rather than chasing rallies.\u00a0<\/span><\/p>\n

Large-scale accumulation often reduces available circulating supply over time, which could support higher prices if demand continues to increase.\u00a0<\/span><\/p>\n

Even so, traders would still need broader market participation because whale purchases alone rarely sustain prolonged rallies without additional spot demand.<\/span><\/p>\n

Spot outflows keep selling pressure contained<\/h2>\n

Chainlink’s spot market has continued to record negative exchange netflows, reducing the immediate risk of heavy exchange-driven selling. In fact, t<\/span>he latest daily reading showed a -$601.60K netflow, meaning more LINK left exchanges than entered them. <\/span>This finding suggested that investors preferred holding tokens in private wallets, instead of positioning them for sale.\u00a0<\/span><\/p>\n

Earlier periods also saw persistent negative netflows, reinforcing the broader accumulation narrative despite occasional short-lived inflow spikes.\u00a0<\/span><\/p>\n

However, the relatively modest daily outflow indicated that buying activity remained measured rather than aggressive.\u00a0<\/span>Sustained negative netflows would likely strengthen supply conditions if demand accelerates across the board.\u00a0\u00a0<\/span><\/p>\n

Still, any sustained return of positive exchange inflows could weaken that advantage by increasing readily available selling liquidity.<\/span><\/p>\n

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Source: CoinGlass<\/figcaption><\/figure>\n

Why are Binance traders staying bullish?<\/h2>\n

Binance’s top traders have so far maintained a clear bullish bias despite LINK’s recent consolidation below resistance.\u00a0<\/span><\/p>\n

Long accounts represented 67.57% of positions while short accounts accounted for 32.43%, producing a 2.08 Long\/Short Ratio.\u00a0<\/span>The positioning suggested that experienced participants have continuted to favor upside exposure, instead of preparing for an extended decline.\u00a0<\/span><\/p>\n

Nevertheless, leveraged optimism alone does not guarantee higher prices because spot demand still needs to confirm the Futures outlook.\u00a0<\/span>The combination of whale accumulation and persistent long positioning hinted at improving market confidence across different participant groups.<\/span><\/p>\n

If buyers maintain that conviction while spot demand strengthens, LINK would likely receive additional support for another attempt at higher resistance levels.<\/span><\/p>\n

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Source: CoinGlass<\/figcaption><\/figure>\n

Can LINK finally reclaim $9.05?<\/h2>\n

At the time of writing, <\/span>Chainlink [LINK]<\/span><\/a> was trading at around $8.57 after recovering steadily from the $7-support zone and reclaiming the $8.26-level. The p<\/span>rice approached the key $9.05-resistance, but it had not produced a confirmed breakout.\u00a0<\/span><\/p>\n

The MACD stayed above the Signal line to underline bullishness, despite the histogram’s bars getting smaller. This suggested that buying strength had moderated after the recent advance.\u00a0<\/span><\/p>\n

That combination also suggested that while recovery remained intact, short-term enthusiasm cooled down slightly.\u00a0<\/span><\/p>\n

If buyers reclaim $9.05, LINK would likely challenge the psychological $10-resistance next.\u00a0<\/span>However, rejection under $9.05 could trigger another pullback towards $8.26. This is a level where buyers previously regained control.<\/span><\/p>\n

Ultimately, the broader structure still seemed to favor recovery as long as the price defends that support.<\/span><\/p>\n

\"LINK<\/a>
Source: TradingView<\/figcaption><\/figure>\n
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Final Summary<\/h2>\n