Chainlink Price Crash Ignites Crypto Liquidation Tsunami—Whale Activity Spikes!

The cryptocurrency industry has been facing turbulent conditions since the second inauguration of pro-crypto U.S. President Donald Trump. While the demand for stablecoins has risen, the broader altcoin market, including Chainlink (LINK), has followed Bitcoin (BTC) in a correction phase. With Chainlink price dropping nearly 6% in the past 24 hours to around $14.75, investors are closely watching key technical levels and whale activity to predict the next move.

Chainlink Price Expectations in Coming Weeks

Chainlink has been trapped in a falling logarithmic trend since early 2025, marked by lower highs and lower lows on the daily chart. Given this trend, LINK could retest the lower boundary of its rising channel around $13 in the coming weeks.

However, a sustained close above the $16 resistance level would invalidate the bearish outlook. For this to happen, LINK buyers must flip the 100 and 200 Simple Moving Averages (SMA) into support, signaling renewed bullish momentum.

Whale Activity and Market Sentiment

Chainlink’s fundamentals remain strong despite the price drop. On-chain data from Santiment reveals that long-term holders with balances between 10k and 10 million LINK now hold an all-time high of 438.33 million tokens. This suggests strong conviction among whales, even as retail investors liquidate positions.

Additionally, Chainlink’s social dominance has spiked as its leadership continues to engage with U.S. regulators. Increased discussions around regulatory compliance could play a crucial role in shaping LINK’s long-term trajectory.

The Bigger Picture: Bitcoin’s Influence and Market Volatility

Bitcoin’s recent rejection above $88k has triggered corrections across the altcoin market, with Chainlink among the hardest hit. The current market sentiment remains cautious as traders anticipate further fluctuations based on macroeconomic developments and institutional activity.

Conclusion: What’s Next for Chainlink?

While Chainlink faces short-term bearish pressure, whale accumulation and growing institutional interest could provide long-term stability. If LINK reclaims key resistance levels, it may reverse its downtrend. However, failure to hold above $13 could signal further declines. Investors should closely monitor market trends and whale activity before making trading decisions in this volatile landscape.