🐋 A whale took a full 30 days to quietly gobble up 2.41 million $LINK from Binance.
Then—just at the moment LINK climbed onto the 200-day moving average resistance level ($9.41), it suddenly injected nearly 1 million coins, worth about $9.23 million, all at once into Coinbase.
That move makes my scalp tingle.
Not because it sold—but because its timing was flawless. How many people are waiting for “a breakout above the 200-day line to ascend,” only to find the whale had already prepared to stuff these bagholders’ money into its pocket.
I don’t think this is the final sell. It looks more like a scouting-style dump—testing the market’s ability to absorb the pressure. If the selling pressure really does smash down, I’d be seriously watching the $8.20–$8.50 support zone—that’s where there would be a meaningful opportunity to reposition.
Chasing LINK now? Personally, I’d choose to wait—first, see whether this resistance zone can absorb the wave of sell pressure.
What do you think—was this whale reducing its position and exiting, or building again after pulling price back?
Click the card below to view live prices 👇
Then—just at the moment LINK climbed onto the 200-day moving average resistance level ($9.41), it suddenly injected nearly 1 million coins, worth about $9.23 million, all at once into Coinbase.
That move makes my scalp tingle.
Not because it sold—but because its timing was flawless. How many people are waiting for “a breakout above the 200-day line to ascend,” only to find the whale had already prepared to stuff these bagholders’ money into its pocket.
I don’t think this is the final sell. It looks more like a scouting-style dump—testing the market’s ability to absorb the pressure. If the selling pressure really does smash down, I’d be seriously watching the $8.20–$8.50 support zone—that’s where there would be a meaningful opportunity to reposition.
Chasing LINK now? Personally, I’d choose to wait—first, see whether this resistance zone can absorb the wave of sell pressure.
What do you think—was this whale reducing its position and exiting, or building again after pulling price back?
Click the card below to view live prices 👇