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Chainlink (LINK) Whales Initiate Sell-Off: Is a Significant Price Decline Imminent?
Chainlink (LINK) Whales Initiate Sell-Off: Is a Significant Price Decline Imminent?
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Recent on-chain data indicates that large holders of Chainlink (LINK), often referred to as ’whales,’ have begun offloading substantial portions of their holdings. This activity has sparked concerns among market participants about a potential downward price movement. Historically, whale sell-offs have preceded notable market corrections, raising questions about LINK’s short-term price stability. Analysts are closely monitoring exchange inflows, order book liquidity, and derivatives positioning to assess whether this could trigger a broader market reaction. The current macroeconomic climate and Bitcoin’s dominance may further amplify LINK’s volatility in the coming weeks.
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