Chainlink: Whale Withdraws 281K LINK to Self-Custody
Chainlink whales withdrew 281.14K LINK worth $2.45M from Binance as price holds $8.8 on 4h chart with EMA50 support at $8.48.
SourceAnalysis
Chainlink whales continue shifting holdings into self-custody after one address pulled 281.14K LINK valued at $2.45M from Binance, with the wallet first seeded by ETH from the exchange 58 days earlier solely for gas. LINK trades at $8.8 inside a bullish structure defined by EMA50 at $8.48 and EMA200 at $8.17 while MACD registers a golden cross at 0.06. Price now tests the upper Bollinger Band resistance at $8.79 with RSI at 67.81, suggesting a measured pullback toward the 50-EMA support before any extension higher. This on-chain accumulation pattern arrives amid broader LINK price prediction discussions and potential crypto market crash hedging flows, while AI industry impact narratives continue to support oracle demand.
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