2026-01-20 02:30:03

Recently, LINK's performance has indeed attracted a lot of attention. After the price broke below the key support level of $13, it continued to dip to around $12.5, and many investors are watching cautiously. But interestingly, the on-chain data may tell a less pessimistic story.

According to blockchain data analysis, the proportion of LINK held by large addresses has increased from 36.6% to 36.9%. Although the increase seems small, what does it imply? It suggests that while the entire market is hesitating, those players are quietly picking up bargains. More straightforward data shows that within just 24 hours, approximately 1.7 million LINK have been transferred among various whale addresses.

How should we interpret this move? One view is that it's just normal profit-taking, and market correction is healthy. But from another perspective, whales entering at low prices to accumulate are often seen as a vote of confidence in the long-term value of an asset. Now everyone is waiting to see if these large players' actions can truly establish a new support level for LINK. Ultimately, the market's key depends on how this "smart money" performs moving forward.

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LiquidationHunter

· 19h ago

Whales are secretly accumulating again. Can they really save LINK this time... --- 1.7 million LINK in circulation. It feels like these big players are plotting a big move. --- When will retail investors get the chance to pick up cheap tokens at low prices? --- Smart money is indeed smart, but we can never understand their next move. --- The 36.9% holding share has increased, but the market is still going down. That’s awkward. --- Honestly, on-chain data is on-chain data, but the market is still falling. That’s the real situation. --- Is it another guess about whale intentions? Why not just look at the trend at the end of the month? --- 1.7 million in circulation over 24 hours. That frequency is a bit high. It’s either genuine accumulation or a shakeout. --- Every time I analyze like this, the price goes up. It’s never realistic... --- Instead of watching big investors’ moves, it’s better to focus on exchange outflow volume—that’s more straightforward.

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BlockchainBouncer

· 19h ago

Whales are picking vegetables, retail investors are panicking. I've seen this script too many times. --- 1.7 million LINK tokens circulated in one day, and the large holders' proportion is still increasing. What does that mean... Just take action when you need to. --- Here we go again, every time they say whales are accumulating, and what’s the result? Still falling. --- The real question is, should we small investors follow? Anyway, I don’t dare to move anymore. --- Support levels, support levels, don’t always scare people. Look at the trading volume. --- Interesting, big players are eating, we’re watching. This is the story of Web3. --- Wait, does 36.9% really mean anything? Feels like the data is a bit mystical.

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Deconstructionist

· 19h ago

Whales accumulating at low levels are either optimistic or celebrating their last hurrah before a dump; it's really hard to tell. The circulation of 1.7 million LINK is interesting data, but it could also just be wash trading. Don't be fooled by the data. Getting excited over a 0.3% increase in large holder holdings? This fluctuation is within the noise range; over-interpreting it is unnecessary. I don't believe that LINK dropping to 12.5 is the bottom; smart money also plays tricks, and this is all part of the game. Support levels are all armchair analysis; the real buying point is only known when the price breaks through.

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ChainPoet

· 19h ago

Whales are accumulating at low levels, it's quite interesting... Let's wait and see if they can rebound later.

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