Binance Sees Massive Chainlink (LINK) Accumulation by Crypto Whales Amid Market Dip

Despite a recent 4% price dip in Chainlink (LINK), crypto whales have aggressively accumulated over $36 million worth of the cryptocurrency through more than 15 newly created wallets. This strategic move, detected via blockchain analytics, involved the transfer of 2.52 million LINK tokens from Binance over a week-long period. Analysts are now speculating about a potential breakout, with price targets set at $19.30 and $24.50, as whale activity signals strong confidence in the asset’s future performance.

Crypto Whales Bet on Chainlink—$36M Move Fuels Breakout Talk

Whales have aggressively accumulated Chainlink (LINK), with over $36 million purchased through 15+ newly created wallets. This strategic move comes despite a 4% price dip to $14.45, reflecting broader market pressures.

Blockchain analytics reveal 2.52 million LINK tokens moved from Binance in a week-long accumulation spree. Analysts now eye breakout potential, with price targets set at $19.30 and $24.50 as whale activity signals strong conviction.

Binance Holds 23% of BTC as Bitcoin Decouples from Stocks

Binance now controls nearly a quarter of all Bitcoin held on centralized exchanges, with its reserves untouched despite broader outflows from such platforms. The exchange’s 23% dominance in BTC custody reflects a clear preference among investors for deep liquidity and robust infrastructure.

Since March 2020, Binance has systematically increased its Bitcoin holdings while competitors saw reserves dwindle. This consolidation of liquidity could signal growing institutional confidence in the exchange’s stability as Bitcoin increasingly moves independently of traditional equity markets.