Bloodbath on Shorts! LINK Whale Holdings Exceed 930,000, LINK Current Price $24.3, Must See $30 Within 30 Days!
A mysterious whale address has withdrawn 274,000 LINK from Binance again, bringing the total holdings to over 938,000, with a market value exceeding $22.78 million at the current price of $24.3.
Signal 1: Whale's Cost Price Exposed, Future Profit Space Enticing
On-chain data shows that this address's average withdrawal cost is about $21.5, significantly lower than the current price.
Interestingly, this withdrawal's average price of $24 is almost equal to the current price, but compared to the 2024 low of $18, there is still a 30% profit space.
Such whales often strategically position themselves for "event-driven opportunities," such as the upcoming staking V2.0 launch of Chainlink in Q2 and the cross-chain oracle demand explosion brought by the Ethereum Dencun upgrade.
Signal 2: Technical Indicators Align with "Whale Rhythm"
A picture speaks a thousand words! The LINK price has rebounded three times from the "support at 23.2" marked by the purple oval, while the RSI indicator has not fallen below the neutral line of 50, indicating that bulls still dominate.
More subtly, the timing of this withdrawal was chosen after the volume MA5 and MA10 golden cross, suggesting that the whale may be collecting chips through "volume reduction pullback." If the price breaks through the resistance at $25.3, it may trigger technical follow-up buying.
Signal 3: Community Sentiment Has Reached Boiling Point, But Beware of "False Breakouts"
The topic of the "LINK Mars Plan" is trending again, igniting retail enthusiasm. But seasoned investors remember that LINK had previously surged due to similar news in 2023 before quickly retreating.
Currently, the RSI indicator is only 57.24, not showing overbought signals, but caution is needed if the price surges to $25.3 without sustained increased volume, as it may form a "false breakout" trap.
Special Suggestion from Teguo:
Light Position Testing: Gradually buy in the $24-24.5 range, accounting for 10%-20% of the total position;
Strict Stop Loss: If it falls below the support level of $23.2, immediately stop loss and exit;
Swing Trading: After breaking through $25.3, increase the position to 30% during the retest confirmation, targeting a price of $28.
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