Foreign media reports indicate that Chainlink has recently regained market attention, not only due to expectations of a price rebound, but also because of declining exchange reserves, increased whale activity, and its continued presence in on-chain infrastructure. The article argues that these factors combined have led the market to reassess LINK's medium-term outlook.
In recent months, 15.7 million LINK tokens have flowed out of exchanges.
According to statistics from on-chain data platform Santiment, more than 15.7 million LINK tokens have been transferred out of centralized exchanges in the past month, with exchange holdings decreasing by nearly 12%. The report also mentioned that approximately 1.04 million LINK tokens have recently left trading platforms.
Generally, a continuous outflow of tokens from exchanges means a reduction in the amount of liquid tokens available for immediate sale. While this single statistic doesn't directly prove a price increase, when it coincides with changes in holding concentration and large-scale transfers, it's often seen by the market as a signal of increased medium- to long-term holding intentions.
Whale transfers are gaining momentum, and bullish sentiment in the market is recovering.
Crypto analyst Ali Charts stated that the Chainlink network saw over 20 whale transactions exceeding $1 million in a single day, indicating a significant increase in activity from large addresses. The article points out that while whale transfers themselves do not equate to buying, given the declining reserves on exchanges, such activity is more easily interpreted as large investors adjusting their positions.
The report also mentions that Chainlink, as a decentralized oracle network, remains a crucial infrastructure for tokenizing real-world assets and facilitating cross-chain data transmission. This positioning allows it to not only serve DeFi protocols but also continue to appear in traditional financial blockchain applications.
The market is focused on whether the $9.8 level can be broken.
Furthermore, reports surrounding Trump's 2025 financial disclosures have also drawn market attention. Related information indicates that World Liberty Financial holds various crypto assets, including LINK. The article argues that this disclosure itself will not directly change Chainlink's fundamentals, but it will help increase market focus on its infrastructure attributes.
From a price structure perspective, the article argues that LINK previously held the demand zone around $7, and recent lows have been gradually rising, indicating a rebound in buying pressure. Current short-term resistance is around $9, with a more closely watched level being the 200-day exponential moving average at approximately $9.8.
If the daily chart effectively closes above this level, the existing weak structure may be broken, and the next target could be the area around $11.5. Conversely, if the support zone of $7.8 to $8 is breached, the current recovery may slow, and the price may return to the consolidation range.
