As the $LINK price falls from above $13, on-chain data shows whale budgets are resuming buying. ๐๐
While short-term trading is increasing in the market, a completely different story is unfolding.
๐ Retail panic, smart money calm
While retail sales are turning to FUD and impatience with the price increase, large groups are turning this pullback into an opportunity.
๐ What does Santiment data say?
As soon as the #LINK price fell back below $13, an increase began in the balances of upper-segment whale budgets.
This picture is reminiscent of the classic accumulation-distribution pattern we have commonly seen in the past.
๐ง How does smart money move? โข Weak or selling
โข Whales are accumulating positions
โข Strong supply is passing to others
โข Selling pressure is slowing
This type of accumulation is often seen before sharp price movements. Whales don't just wait for a rise; sometimes they automatically trigger the movement by manipulating liquidity.
โ๏ธDon't you understand this?
Not every whale's movement signifies directional rainfall.
The more accumulation is held while the price falls, the more it indicates that large players have amounts at moderate levels.
๐ In summary:
Alternatively to short-term price movements, the underlying power dynamics of the market may shift. Santiment's whale tracking data is critical for those who want to see what's happening with LINK.
โ ๏ธThis is not investment advice.
