2026-01-19 16:25:19

Although the recent price of LINK has been under pressure, large holders continue to increase their holdings. On-chain data shows that a certain whale just withdrew 404,000 LINK tokens from a compliant platform, equivalent to $5.5 million. This guy is even more aggressive—over the past four months, he has been continuously buying at an average cost of $15.56, accumulating a total of 3.32 million tokens.

Currently, LINK is oscillating between $11.92 and $14.69, appearing weak. But a closer look at the exchange deposit and withdrawal data reveals a different signal: this is not panic selling, but strategic positioning with preparation.

From the perspective of the derivatives market, this can also be confirmed. The open interest has decreased by 8.6% from previous highs, now maintaining at $582 million. Meanwhile, the funding rate has slightly turned negative, indicating that leverage in the market is gradually being absorbed. The overall situation is neither crazy nor hopeless, but rather a typical phase of waiting and consolidation.

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POAPlectionist

· 11h ago

Whale's move this time is really ruthless, buying in 3.32 million tokens at a cost of just over $15 each. This is definitely a bet on a subsequent rebound. LINK's recent drop was inhumane; it fell so sharply yet they kept adding to their position. Their courage is truly remarkable. Net outflow ≠ fleeing. I agree with this logic; it feels like waiting for the right moment. Looking at derivatives data, it's not as hopeless as before; it's much clearer now. If this guy bets correctly, he'll be laughing all the way; if he bets wrong, it will be disastrous. With $5.5 million withdrawn, it's a clear signal. Wealthy investors play differently. Let's wait and see. Anyway, I don't have the guts to bet on this LINK rebound.

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TokenRationEater

· 11h ago

Large investors are frantically accumulating at low levels, this is the real signal. Retail investors are still debating whether the price will go up or down. --- Wait, a $5.5 million move—what is this guy really thinking? Is he genuinely optimistic or is there another motive? --- Net outflow ≠ fleeing. This has been realized; it seems many people are quietly positioning themselves. --- Buying in at an average price of just over 15 yuan for 3.32 million coins—no one controls costs like this. I'm envious. --- The key is when the funding rate turns negative, indicating that the bears are losing strength. Interesting. --- It's the same narrative again: "Large investors are stockpiling." Fine, I'll keep holding too. --- The most frustrating phase is consolidation, but looking at on-chain data, there’s no sign of panic.

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MEVvictim

· 11h ago

Large investors are accumulating at low levels; this signal can't be ignored. --- Daring to invest 5.5 million USD, really not taking short-term fluctuations seriously. --- Wait, this guy has bought 3.32 million coins in four months? How confident must he be. --- Net outflow + leverage absorption; honestly, this is what the main players are doing. --- LINK has maintained this consolidation phase for four months without being shaken; I believe the big investors know something. --- It's that familiar story of "panic selling vs strategic positioning," but the data indeed looks quite solid. --- Funding rates turning negative? So who is still shorting? --- Still buying at over 11 dollars; this suggests there’s a lot of room for imagination ahead.

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GateUser-9f682d4c

· 11h ago

Large investors are accumulating chips at low levels, while retail investors are still debating whether to cut losses. What a gap... --- Wait, this whale started accumulating when the average price was around 15 yuan, and now at 11 yuan, they’re adding more? A seasoned player diluting costs. --- What does net outflow represent? It means smart money is quietly withdrawing from exchanges. Damn, why don’t I have that courage? --- Leverage is being absorbed, funding fees turning negative... This must be a bottom signal, it doesn’t feel far off. --- 3.32 million LINK tokens. If this guy bets correctly... I can’t even imagine. --- The amplitude is so limited and still fluctuating; it should have been gathering strength long ago. --- So now the question is, should I follow or wait? Seeking advice from all the experienced brothers. --- This round of operations seems to be stacking chips; no one will be able to escape in the next round.

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Ser_This_Is_A_Casino

· 11h ago

Big players are really ruthless, I can only watch as a retail investor.. --- Wait, buying over 3.3 million coins at an average price of just over 15? Who is this, so wealthy? --- Net outflow does not equal bottoming out; it might just be cutting losses and moving funds to other chains. --- I'm most afraid during consolidation phases; it's easy to get squeezed to death. --- I like to see the fee rate turn negative, indicating no one is chasing the high. --- This guy ate 3.32 million coins in four months? How much principal does that take? My blood pressure is rising. --- Listening to the exchange's net outflow sounds fancy, but I just want to ask, should I buy now or wait? --- Seeing others increase their holdings makes me anxious; maybe I should wait and see. --- Is over 11 bucks really cheap? It feels like it might keep falling. --- The typical waiting phase is when no one dares to act; this is the biggest test of mental state.

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LiquidationWatcher

· 12h ago

The big whale is疯狂吃筹 at low levels, indicating someone is very optimistic. Following the trend may not necessarily make money, but at least it won't be too disastrous. --- 3.32 million LINK tokens with a cost basis of just over $15, this guy has really guts. I wouldn't dare to go all-in. --- Net outflows are actually a good sign? That might be a bit of an overstatement. Let's wait until the bottom breaks before saying more. --- The shift of funding rates to negative is quite interesting. It seems the bulls aren't that狂 anymore. --- How long will this consolidation last? I'm really getting tired of it. --- With a withdrawal of $5.5 million in one go, are they afraid the exchange will跑路? Haha. --- LINK's performance is really average. Might as well ALL IN ETH.

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