- LINK has corrected over 53% from August, prompting whale accumulation as Binance outflows spike, indicating strategic positioning in the market.
- On-chain data shows top ten Binance transactions transferring large LINK amounts, reflecting renewed confidence and early market interest among whales.
- LINK trades near the ascending channel’s lower boundary, setting the stage for a potential rise toward $23–$25 if momentum continues.
LINK has entered a crucial phase after a prolonged retracement, with the token currently positioned near an important support region that has attracted renewed attention from large investors.
Whale Movements Reflect Renewed Accumulation
Market data shows that LINK has corrected more than 53% from its August peak of $27, placing the token within a technical area that has historically invited strategic positioning. During this period, on-chain records indicate a steady rise in Binance outflows, particularly within the largest ten transactions. These transfers are often associated with whale movements, and their current pace suggests that major holders are repositioning.
Recent sessions recorded an average of 3150 LINK leaving Binance each day, with several days registering even larger transfers. This level of movement has occurred while the market continues to evaluate the aftermath of the August correction. The pattern is drawing attention because such flows generally appear when large holders prefer external custody for accumulation.
This shift in behavior offers a window into changing market participation. The increased activity has appeared during a time when LINK has yet to establish a clear recovery structure, indicating that large investors may be acting ahead of broader sentiment.
Technical Conditions Shape Market Expectations
A weekly outlook shared by CryptoPulse (@CryptoPulse_CRU) places LINK within a wide ascending channel that has guided its long-term structure. According to the post, the token is currently trading at the lower boundary of this formation, a region where price has rebounded several times in past market cycles. This structural pattern continues to draw attention from traders observing potential reactions at this boundary.
The analysis states that a sustained presence above this area could position LINK for a move toward the channel’s upper zone near $23–$25. Such an outcome would depend on continued buying interest around the current level, especially from larger market participants already active in recent sessions.
However, CryptoPulse also notes that a weekly close below $10 would disrupt the structure and change the broader outlook. This threshold remains important as it marks the invalidation point of the channel that has guided LINK’s broader trend.
Market Sentiment Aligns with Whale Positioning
The renewed activity from whales comes as LINK navigates an extended corrective phase. These investors often enter positions when market sentiment is cautious, preferring accumulation during lower price conditions. As a result, the current trend of heightened outflows may reflect a shift in positioning during a period of reduced momentum.
This behavior has emerged during a broader slowdown in LINK’s recovery attempts, adding context to the strategic movements seen on-chain. The increased interest from larger holders continues to coincide with the token’s attempt to stabilize near a technical zone watched by market participants.
As the coming sessions unfold, traders are likely to monitor whether these accumulation patterns continue. The interaction between whale activity and the ascending channel structure remains central to how LINK develops within its current range.
