According to CrypNuevo, the main liquidation level is positioned at $113.8k, and the downside liquidation cluster between $114.5k and $113.6k serves as the natural mid-term target for traders. CrypNuevo notes that it is possible and logical for price action to first reach the cluster above these levels, which is factored into their current trading approach. This analysis provides traders with actionable levels for setting stop-losses and targeting mid-term positions, with implications for increased volatility around these key price points. Source: CrypNuevo

According to @glassnode, Chainlink's cost basis distribution reveals two significant price clusters at $14.6 with approximately 65 million LINK and $16.0 with about 20 million LINK. These levels are critical for traders as they trace back to long-term investors who have been active since August-October 2024. The engagement of these investors into 2025 suggests these clusters could act as potential support or resistance levels, depending on market conditions.

According to glassnode, the $14.6 cluster illustrates that LINK holders are engaging in well-timed, less frequent purchases, suggesting a long-term investment approach. Purchases were made at $17 and $28 in December, $25 in January, and a significant acquisition following a bounce from $12 on March 15. These actions indicate that current LINK holders are patient, long-term allocators rather than short-term traders.