Whale-Oscope: Will Big Fish Swim Up Chainlink’s Doom?

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Key Takeaways

How are whales reacting to LINK’s nose-dive?

Well, those big fish (whales), ditched responsibility and boosted their holdings by 4.59% to a whopping 646M LINK. Oh, and their Netflow turned a pretty embarrassing -$7.62 million! Aren’t they just, like, so keen on accumulating?

Derivatives – the crystal ball for Chainlink?

Futures Taker CVD decided – very stubbornly – to stay bullish, Netflixy Long/Short Ratio hit a suave 3.38, and EMA20 at $20.3 just lounges around as resistance, not giving two hoots anymore.

Chainlink [LINK] had a shot at glory when it reached $20, and just like my last diet, it didn’t survive. Three straight days of tanking price, taking it down to $17.70. As of now, LINK’s fumbling around at $17.98 – a sad 5.3% drop in 24 hours, and a staggering 16.8% over the week. Yay us!

In the midst of this, whales somehow found the energy to accumulate more. What fools!

LINK whales – desperate plungers?

According to Nansen, those whales just can’t stop feeding – boosted balances by 4.59%, bringing the staggering total whale holdings to 646 million LINK. On four straight days, positivity mirrored their insatiable quest for LIMIT. Accumulation extravaganza! 🎉

Also, get a load of a single whale buying a ridiculous 934,516 LINK valued at $16.92 million. Like putting all your eggs in one basket after not just cracking, but smashing them! Apparently, seeing dips this clearly makes them bullish? I should give that a try too.

And naturally, exchange activities are trying to keep up with the trend – which in its unfortunate brilliance, shows Exchange Netflow down by -$7.62 million. Clearly, LINK has the staying power of a Southern California politician.

Futures activity showing whale control?

Whales, predictably, went mental on the Futures market. Futures Taker CVD stayed green as a chihuahua daydreaming over the past week, showing consistent “buyer dominance.” Excuse me while I yawn under my hands over here.

What’s more, this enthusiasm coincided with a surge in Average Order Size with whale transactions scaring everyone else off for four consecutive days. Seems like even institutional traders wanna play the game!

Furthermore, Coinalyze data showed Long/Short Ratio hitting a cushy 3.38, with long positions making up 77.15% of contracts. Apparently, bullishness is in style.

Chainlink price stuck in a time warp?

Despite these bullish waves, LINK is still paddling upstream and getting no where. So, what’s the game plan? Perhaps more losses before bouncing back? Could we potentially hit support at the Bollinger Bands’ lower limit at $16.94?

But if whale love keeps boiling the pot, maybe it’ll wash away some selling pressure towards the EMA20 near $20.3. Imagine a breakout above that – we could hit the $24 milestone, leaving below us the equivalent of an inadequate parking space.

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2025-10-17 04:12