Oh, dear old Chainlink (LINK), that most dashing of blockchain oracle networks, has been rather under the weather of late-slipping nearly 7% like a poorly tailored tuxedo. Yet, while the rest of us fret over the neckline, certain large investors are quietly sipping champagne and purchasing with the subtlety of a secret admirer. One might call it a masterclass in subtlety.
Meanwhile, the long-term charts have been whispering tales of grandeur, hinting at past rallies with the seductive charm of a well-timed quip. Bitcoinsensus, that cheeky crypto analyst, dares to suggest Link might soon be gracing us with a $46 soiree. How very optimistic.
Whales Dancing to a Quieter Tune
Recent on-chain data reveals that Chainlink’s whales are pirouetting away from exchanges, leaving behind a trail of $9 million in LINK tokens snatched from Binance on 22nd Dec 734,000. A single day! One might say they’re not selling-just rearranging their dance cards for a future waltz.
CHAINLINK: THE WHALE ACCUMULATION
While the market chops, the whales are moving.
734,000 LINK ($9.3M) was just pulled off Binance in a single day.
Exchange supply is at its lowest level since 2020.
History check: Every time exchange supply dries up like this, a major rally…
– Altcoin Buzz (@Altcoinbuzzio) December 22, 2025
Exchange supply? Pah! It’s at its lowest since 2020, when we all still knew how to dress for dinner. A sign, perhaps, that our aquatic aristocrats are storing their pearls in private vaults rather than flinging them at the first passing gull.
Chainlink’s ETF: A New Hat Trick
Grayscale, ever the showman, has transformed its Chainlink Trust into an ETF (GLNK) and flung it onto NYSE Arca with the flair of a Broadway debut. So far, $58.3 million has flowed in, with assets under management nearing $74.25 million. On 22nd Dec 2025, a further $2 million joined the party. One must commend the investors’ stamina-even during market slumps, they’re still attending the ball.
LINK’s $46 Gambit
Despite this accumulation and ETF fervor, poor LINK remains trapped in a $12-$12.5 rut, like a monocle stuck in a drawer. But fear not! Bitcoinsensus assures us that the weekly chart shows LINK nestled at the base of a long-term upward channel-a place where, in years past, prices have sprouted wings and flown. This time, they’re betting on a $46 crescendo.
#Chainlink Macro Weekly Outlook $LINK has been moving inside this uptrending parallel channel targeting both the lower and higher bands.
Price currently is sitting on the lower band, and the next potential target comes in at around $46 per coin.
All we need is the…
– Bitcoinsensus (@Bitcoinsensus) December 20, 2025
Whether it’s true or merely a case of poetic license, one thing is certain: the stage is set. The only question is whether the audience will believe the curtain call. 🎭💎
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2025-12-23 14:44