January 21 News, as the crypto market volatility intensifies, Chainlink (LINK) is showing clear accumulation signals in on-chain data. According to latest Santiment statistics, the top 100 whales of Chainlink have resumed buying after LINK fell below $13, accumulating approximately 16.1 million LINK since November 2025, while retail investors have continued to reduce their holdings amid panic. This “whale accumulation, retail exit” pattern often indicates that a price turning point is brewing.
Historical experience shows that when large holders concentrate their positions in key support zones, liquidity and price control gradually shift from short-term traders to long-term capital. Once a key resistance level is broken, it often triggers a rapid surge. Currently, LINK’s on-chain distribution exhibits this characteristic, indicating the market is preparing for the next trend.
From a technical perspective, an analyst pointed out that LINK remains firmly above the 0.618 Fibonacci level at approximately $9.88, which is seen as the core support for a medium-term bullish structure. The potential target ranges are $31, $52, and $100, corresponding to resistance levels in different stages of a bull market. If the price continues to stay above the 0.786 Fibonacci zone, the bullish structure will remain intact, laying the foundation for a larger upward move.
Trading behavior also provides important clues. Since July 2025, the LINK market has been dominated by Taker selling, indicating active selling pressure suppressing the price. However, after 2026, Taker buying has started to gain the upper hand, reflecting that active funds are entering to chase the price. This is often highly related to increased participation from institutions and large investors and can be a sign of a trend reversal.
In the context of macro uncertainties and crypto market volatility, Chainlink continues to attract long-term capital due to its core role in oracle and cross-chain data fields. The whale-level purchase of 16.1 million LINK not only changes the supply-demand structure but also makes “Chainlink price prediction” a renewed market focus. If buying pressure persists and successfully breaks through key resistance zones, the probability of LINK hitting a new high in 2026 is significantly increasing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor: Bitcoin is not sufficient for everyone to use
PANews March 5 News, MicroStrategy Executive Chairman Michael Saylor posted on X, saying, "There isn’t enough Bitcoin for everyone."
GateNews6m ago
Bitcoin Whales Place Strong Bids at $71,000, Price Scenarios to Watch - U.Today
Bitcoin price faces potential volatility due to whale activities, with large buy orders around $70,000 and sell walls near $75,000. This dynamic creates strong price resistance and opportunities for liquidity shifts as trading volume increases.
UToday13m ago
Middle Eastern conflict fuels "Digital Gold"! Bitcoin ETF surges by $1 billion in three days, as safe-haven asset characteristics quietly return
Against the backdrop of tense Middle East tensions, Bitcoin has recently attracted over $1 billion in ETF capital inflows, with its price once breaking through $70,000, demonstrating its potential as a "hedge asset." Analysis indicates that Bitcoin has shown better resilience than traditional assets during geopolitical crises, and the weakening of the US dollar has also boosted its performance. Future capital momentum will be a key indicator to verify Bitcoin's position.
動區BlockTempo43m ago
Bitcoin Just Flipped the Script – $96K Coming FAST
Crypto analyst Lark Davis predicts Bitcoin could rally to $89K-$96K if it closes above $70K weekly. Key indicators, including Fibonacci retracement, moving averages, and historical resistance, suggest bullish momentum, though traders remain cautious.
Coinfomania46m ago
Analysis indicates that BTC and the US dollar are strengthening simultaneously, attracting market attention. The recent key resistance level may be at $74,000.
Bitcoin price approaches the key resistance level of $74,000, with a total increase of over 10%. This rally occurs amid a decline in global stock market risk appetite and a strengthening dollar, with the dollar index rising over 1% this week to reach last year's high. The relationship between Bitcoin and the dollar has recently shown a trend of synchronized fluctuations.
GateNews1h ago
Analysis: BTC has not yet rapidly surged to $80,000, and after gold's rally slows down, funds may flow back into the crypto market.
Bitcoin fluctuates above $72,000, while Ethereum rises slightly. The market experiences consolidation; despite Bitcoin successfully breaking through the $70,000 mark, it has not quickly surged toward $80,000. In the context of easing tensions in the Middle East, risk assets are boosted. Derivatives data shows bullish sentiment remains strong, but gold-linked token futures contracts decline, indicating capital flowing into cryptocurrencies. In the options market, demand for high-strike call options increases, and overall volatility remains stable.
GateNews1h ago
