$LINK is building like never before 🛠️—its dev activity is 50% higher than even Ethereum's over the past 30 days, according to Santiment 👀. That’s no small feat.

But here’s the twist👇

Despite all this builder energy, we’re seeing some serious profit-taking on-chain. Dormant wallets suddenly moved a lot of LINK on April 25th, just as price approached the $15.5 resistance zone (again). That’s not bullish behavior—that’s exit behavior. 🏃‍♂️💸

📉 Mean Coin Age dropped hard—twice. First in March, then in April. And every time LINK got close to $16.5, sellers showed up like clockwork.

Now, 76% of holders are in profit. Historically, when this number hit 56%–65%, we saw selloffs. So ask yourself: What happens when it’s 76%?

Yes, devs are shipping. Yes, bulls are trying to flip $15.5 into support. But market conviction? Still shaky. 🤔

Until we see stronger hands holding through resistance—not selling into it—price may struggle to break out for real.

🔍 Watch $15.5–$16.5

📈 Devs bullish

💰 Traders cautious

🧠 Smart money waits for conviction