Chainlink: 21M LINK Unlocked to Binance

Chainlink executed its quarterly unlock three hours ago, releasing 21 million LINK valued at $166 million from four non-circulating addresses.

Of the total, 18.375 million LINK worth $145 million moved directly to Binance, while 2.625 million LINK worth $20.8 million reached the 0xD50...8Af multisig for staking reward distribution.

Technical confluence on the 4h chart shows price at $7.91 testing inside Bollinger Bands with upper resistance at $8.35. The EMA50 at $8.03 and EMA200 at $8.56 act as layered resistance while MACD death cross at -0.06 and neutral RSI at 44.99 confirm sustained bearish structure; any bounce toward the upper band likely reverses into the EMA50 before continuation lower.