In the ever-turbulent sea of cryptocurrency, where the tempests of speculation rage unceasingly and the tides of fortune ebb and flow with merciless indifference, we find ourselves witness to a most peculiar phenomenon. The great leviathans of the crypto deep, those who command fortresses of 100,000 to 1,000,000 LINK, have quietly swelled their hoards by 40 million tokens in the span of a year-a 28% increase, no less! One might ask: What dark alchemy drives these shadowy figures to accumulate such vast sums while the common man clutches his tokens like a drowning sailor to a plank? The answer, dear reader, lies in the whispers of the market: a potential reversal looms, and the whales smell blood in the water. 🐟
- The leviathans, with their 100K-1M LINK strongholds, have added 40M tokens in a year-proof that patience, not panic, is the virtue of the truly wealthy. 🕰️
- Trading volume may wane, but the on-chain accumulation rages on, as if the very tokens are fleeing the exchanges and hiding in vaults lined with existential dread. 🏦
- Analysts, those modern-day prophets with spreadsheets for Bibles, whisper of a $25 ascent should ETF approvals and CCIP integrations continue their sordid dance. 📈
Chainlink, that beleaguered soul, trades at $17.5, a mere 0.2% dip in 24 hours, yet its weekly decline stretches to 2.6%, and the monthly toll-a brutal 18.5%. Over seven days, it has writhed between $15.87 and $19.02, a narrow purgatory of compression after the fires of volatility. Ah, but what of the 24-hour trading volume? It has plummeted to $864.7 million, a 29.7% nosedive, while derivatives volume sank further still to $1.69 billion. One might say the market is fasting-of speculation, at least. 🍽️
Yet lo! Open interest has risen 1.17% to $655.1 million, a curious contradiction. Are the traders clinging to their positions like sinners to a last prayer, or is this the calm before the storm? Such is the cruel poetry of the market: a prelude to chaos, wrapped in stillness. 🌀
The Whales’ Silent March
On-chain data, that cold and impartial scribe, reveals a truth too obvious to ignore: the whales persist in their buying spree, even as the price languishes. On Oct. 23, Santiment, that oracle of on-chain wisdom, declared that 103 new addresses had joined the ranks of the 100K-1M LINK elite, their collective hoard swelling by 40 million tokens. A 28% increase, no less! And let us not forget the steady drip of accumulation: 12.9 million in six months, 8.7 million in three, and 2.8 million in a single month. Such is the patience of the truly damned-or the truly rich. 💸
🐳🦈 The leviathans and sharks of the LINK ocean, clutching 100K-1M tokens, continue their gluttonous feast, hinting at a future where crypto’s #12 market cap coin might yet rise from the ashes. Their voracious appetite? 📅 Past 12 months: 40.0M $LINK devoured (+28.0% growth, 103 new addresses)…
– Santiment (@santimentfeed) October 22, 2025
Lookonchain, that relentless watcher of the crypto night, also spotted fresh whale activity on Oct. 23. One such beast withdrew 62,207 LINK from OKX, now cradling 1.1 million LINK ($19M) after months of patient predation. Another, from Kraken’s lair, hauled away 66,113 LINK, swelling their coffers to 307,684 LINK ($5.3M). Such purchases, made in the shadow of decline, are not mere transactions-they are acts of faith, or perhaps madness. Either way, they reduce the token’s supply, a move as ominous as it is hopeful. ⚖️
The coming months may yet be shaped by the whims of fate. Grayscale and Bitwise, those titans of finance, have filed for spot LINK ETFs, their approval hanging like the sword of Damocles over the market. Should they fall, institutional demand may rise like a phoenix, pushing LINK toward $25. Meanwhile, Chainlink’s cross-chain protocol, that labyrinthine web of interoperability, continues to expand. Integrations with Plasma, that stablecoin-focused blockchain, have already tethered billions in liquidity from Aave and other DeFi realms. Ah, but let us not forget the market’s fickle mistress, who toys with fortunes as a cat does with a thread. 🐾
The Technical Descent into Madness
LINK, poor soul, trades just above its lower Bollinger Band, teetering on the edge of oversold territory. The RSI, that fickle barometer of momentum, rests at 41-a neutral ground, as barren as a Siberian wasteland. The EMAs, those short- to mid-term ghosts of price action, linger below resistance levels, their bullish spirit all but extinguished. 🌑
Oscillators like the CCI and Williams %R hover near neutral, while the MACD and momentum indicators whisper of mild sell signals. Resistance sits at $19.00, and support at $15.80-a fragile balance, like a tightrope walker over an abyss. And so we stand at the precipice of destiny: should the whales continue their accumulation and LINK breach $19.00, the crowd may cheer for $22-$25. But should it falter below $16.00, the descent to $14.50 awaits, a plunge hastened by weak momentum and volumes as thin as a beggar’s wallet. Such is the cruel lottery of the market! 🎲
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2025-10-23 10:49