$120M Exchange Outflow by LINK Whales Signals Bullish Sentiment for Chainlink’s Price

The recent LINK price movement has been volatile as this token has mostly responded to the broad crypto market trend. Despite this, the recent Chainlink news about the bullish LINK whales’ movement could be a sign of explosive growth in the future. In addition to this development, there have also been quite a few reports about Chainlink integration with various platforms. Another bullish variable is the current sentiment of the crypto market, as most coins are showing green today, and the Chainlink price has grown as well. 

Are LINK Whales Preparing for a Major Accumulation Phase?

Based on the recent market data, there has been a significant LINK whale activity in the last 30 days. The data shows that almost $120 million worth of LINK has been withdrawn from various exchanges. This report was shared on the official X page of the market analysis company IntoTheBlock. Such big movements usually have been a sign that big investors are making preparations for accumulation. Whales usually withdraw this much capital when they are ready to put the token in long-term storage. This in itself has a bullish effect; as the supply decreases, the LINK price is set to go up.

Keep an eye on altcoin exchange flows👀$LINK has seen consistent outflows from exchanges over the past month, hinting at ongoing accumulation. In total, net outflows surpass $120 million worth of LINK in the last 30 days. pic.twitter.com/XbU4qsGuWd

— IntoTheBlock (@intotheblock) April 22, 2025

Although this recent movement and exchange outflow is not a sign that all whales are holding Chainlink. Just like any healthy market, there should be big investors selling and holding at all times. However, a positive exchange outflow means that currently the number of buyers and holders is higher than the sellers. This move can cause the market sentiment to become bullish and create more exchange outflows. This can also be seen in the continuous accumulation of LINK whales. 

Is the $36 Million Whale Accumulation a Bullish Signal

As market data shows, in the past few days, LINK whales have accumulated more than $36 million in these tokens. This Chainlink news, which was originally shared by the transaction tracker of Lookonchain, reaffirms that big investors are stockpiling for a surge. This decrease in supply has helped the recent LINL price surge and given more strength to the bullish trend. The Lookonchain report was posted on an X post and detailed how much each Whale had purchased. As per this information, 15 whales were recorded to hold 2.52 million coins with an approximate worth of 36.43 million.

Many fresh wallets are accumulating $LINK from #Binance — at least 15 wallets withdrew 2.52M $LINK($36.43M) from #Binance over the past week.

Address:
0x0686400c348c1e492cb48ed5c6c2302871f1c5ec
0x16ee51958dab5cd01480a56489e277a7a244a71b
0x345b59810d42d190a6f28b4bdabdc12095f94a57… pic.twitter.com/nXfzbAwRK9

— Lookonchain (@lookonchain) April 24, 2025

This series of purchases and accumulations by these whales took place over the past week. In this same period, the value of this token grew by over 13% as whales increased the buying pressure. This also means that most whales believe the Chainlink price will soar even higher as they did not take profits. Such bullish data increases the retail traders’ confidence in the token, making another bullish movement very likely. 

Is Chainlink’s Uptrend Sustainable After Recent Gains?

The current LINK price action shows that this token has seen continuous growth in value over the past days. It has climbed from $12.50 to near the $15 level. Throughout this rally, a pattern of higher highs and higher lows has created sustainable growth. As of now, the price has reached a consolidation zone under the rally’s peak and is hovering in this region. This stop near the resistance could point to short-term exhaustion of bulls and the bullish movement. 

LINK/USD daily chart, published on TradingView, April 25, 2025

Based on the LINK/USD daily chart, the current Relative Strength Index is 54. Although this puts the RSI in a bullish zone, its Moving Average seems to be high near 58, which could be a bearish signal. There is also a bearish divergence between the price and the RSI line. This can be seen in RSI, making lower highs while the price line makes higher highs. The ADX indicator also shows a weak trend strength as it sits at 18. To reach a strong bullish trend, the ADX needs to climb above 20 again. 

Can This Chainlink News Offset Mixed Technical Indicators?

Although the technical indicators show mixed signs about the price of this token, a recent fundamental development could turn the tide. Based on an announcement by Chainlink Falcon Finance, which is a synthetic dollar protocol, has integrated with Chainlink Price Feeds. This integration is done to support secure markets for USDf & sUSDf. This Chinalink news is the latest in the trend of this crypto giant’s continued growth and expansion.