2026-01-19 16:25:19

Although the recent price of LINK has been under pressure, large holders continue to increase their holdings. On-chain data shows that a certain whale just withdrew 404,000 LINK tokens from a compliant platform, equivalent to $5.5 million. This guy is even more aggressive—over the past four months, he has been continuously buying at an average cost of $15.56, accumulating a total of 3.32 million tokens.

Currently, LINK is oscillating between $11.92 and $14.69, appearing weak. But a closer look at the exchange deposit and withdrawal data reveals a different signal: this is not panic selling, but strategic positioning with preparation.

From the perspective of the derivatives market, this can also be confirmed. The open interest has decreased by 8.6% from previous highs, now maintaining at $582 million. Meanwhile, the funding rate has slightly turned negative, indicating that leverage in the market is gradually being absorbed. The overall situation is neither crazy nor hopeless, but rather a typical phase of waiting and consolidation.

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PrivateKeyParanoia

· 01-22 16:19

The big players' moves this time are indeed like playing chess. I'm also watching this signal.

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NotSatoshi

· 01-22 16:11

Big players' moves this time are really fierce. They bought 3.32 million tokens at a cost of just over $15 each, and are still adding to their positions? This is a gamble on the direction. Wait, is this really strategic planning or just a gambler's mentality? What does it mean when funds are flowing out of exchanges? It feels like the market is gathering strength. On-chain data is always the most honest, and it looks like the whales have already seen through everything. $5.5 million can be withdrawn instantly—this is the real game of chips. Why does it always seem like more people are bottom-fishing at lower prices, while no one is selling at higher prices? The negative fee rate is a nice detail, indicating that leverage is retreating—perhaps a signal before a market correction? 3.32 million tokens—either this guy truly believes in LINK, or he just has too much capital with nowhere to put it. The overall narrow fluctuation range—are they waiting for some major good news?

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fren.eth

· 01-22 11:35

This move by the big players is truly impressive. They still dared to buy in 3.32 million coins during the decline. I need to learn from this mental resilience.

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GmGmNoGn

· 01-20 18:28

Large investors are frantically buying at the bottom, while retail investors are still debating the rise and fall. The gap... --- 5.5 million USD was invested without blinking, yet we're still debating a few points of decline here. It's honestly a bit funny. --- Net outflow indicates that institutions are quietly accumulating. Those who understand the game play like this. --- Let's wait and see. Big funds don't lie. This buildup feels unusual. --- 3.32 million LINK tokens. What story is this guy betting on? Curious. --- Derivatives cooling down + large investors increasing holdings. It feels like something is brewing. --- Brothers still in a short position, lift your head and look at the on-chain data. Don't be fooled by the K-line.

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POAPlectionist

· 01-19 16:55

Whale's move this time is really ruthless, buying in 3.32 million tokens at a cost of just over $15 each. This is definitely a bet on a subsequent rebound. LINK's recent drop was inhumane; it fell so sharply yet they kept adding to their position. Their courage is truly remarkable. Net outflow ≠ fleeing. I agree with this logic; it feels like waiting for the right moment. Looking at derivatives data, it's not as hopeless as before; it's much clearer now. If this guy bets correctly, he'll be laughing all the way; if he bets wrong, it will be disastrous. With $5.5 million withdrawn, it's a clear signal. Wealthy investors play differently. Let's wait and see. Anyway, I don't have the guts to bet on this LINK rebound.

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TokenRationEater

· 01-19 16:55

Large investors are frantically accumulating at low levels, this is the real signal. Retail investors are still debating whether the price will go up or down. --- Wait, a $5.5 million move—what is this guy really thinking? Is he genuinely optimistic or is there another motive? --- Net outflow ≠ fleeing. This has been realized; it seems many people are quietly positioning themselves. --- Buying in at an average price of just over 15 yuan for 3.32 million coins—no one controls costs like this. I'm envious. --- The key is when the funding rate turns negative, indicating that the bears are losing strength. Interesting. --- It's the same narrative again: "Large investors are stockpiling." Fine, I'll keep holding too. --- The most frustrating phase is consolidation, but looking at on-chain data, there’s no sign of panic.

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MEVvictim

· 01-19 16:55

Large investors are accumulating at low levels; this signal can't be ignored. --- Daring to invest 5.5 million USD, really not taking short-term fluctuations seriously. --- Wait, this guy has bought 3.32 million coins in four months? How confident must he be. --- Net outflow + leverage absorption; honestly, this is what the main players are doing. --- LINK has maintained this consolidation phase for four months without being shaken; I believe the big investors know something. --- It's that familiar story of "panic selling vs strategic positioning," but the data indeed looks quite solid. --- Funding rates turning negative? So who is still shorting? --- Still buying at over 11 dollars; this suggests there’s a lot of room for imagination ahead.

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GateUser-9f682d4c

· 01-19 16:54

Large investors are accumulating chips at low levels, while retail investors are still debating whether to cut losses. What a gap... --- Wait, this whale started accumulating when the average price was around 15 yuan, and now at 11 yuan, they’re adding more? A seasoned player diluting costs. --- What does net outflow represent? It means smart money is quietly withdrawing from exchanges. Damn, why don’t I have that courage? --- Leverage is being absorbed, funding fees turning negative... This must be a bottom signal, it doesn’t feel far off. --- 3.32 million LINK tokens. If this guy bets correctly... I can’t even imagine. --- The amplitude is so limited and still fluctuating; it should have been gathering strength long ago. --- So now the question is, should I follow or wait? Seeking advice from all the experienced brothers. --- This round of operations seems to be stacking chips; no one will be able to escape in the next round.

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Ser_This_Is_A_Casino

· 01-19 16:53

Big players are really ruthless, I can only watch as a retail investor.. --- Wait, buying over 3.3 million coins at an average price of just over 15? Who is this, so wealthy? --- Net outflow does not equal bottoming out; it might just be cutting losses and moving funds to other chains. --- I'm most afraid during consolidation phases; it's easy to get squeezed to death. --- I like to see the fee rate turn negative, indicating no one is chasing the high. --- This guy ate 3.32 million coins in four months? How much principal does that take? My blood pressure is rising. --- Listening to the exchange's net outflow sounds fancy, but I just want to ask, should I buy now or wait? --- Seeing others increase their holdings makes me anxious; maybe I should wait and see. --- Is over 11 bucks really cheap? It feels like it might keep falling. --- The typical waiting phase is when no one dares to act; this is the biggest test of mental state.

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LiquidationWatcher

· 01-19 16:36

The big whale is疯狂吃筹 at low levels, indicating someone is very optimistic. Following the trend may not necessarily make money, but at least it won't be too disastrous. --- 3.32 million LINK tokens with a cost basis of just over $15, this guy has really guts. I wouldn't dare to go all-in. --- Net outflows are actually a good sign? That might be a bit of an overstatement. Let's wait until the bottom breaks before saying more. --- The shift of funding rates to negative is quite interesting. It seems the bulls aren't that狂 anymore. --- How long will this consolidation last? I'm really getting tired of it. --- With a withdrawal of $5.5 million in one go, are they afraid the exchange will跑路? Haha. --- LINK's performance is really average. Might as well ALL IN ETH.

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