LINK Price Breaks Out + Large Outflows: On-Chain Capital Flow Reveals Signs of a New Round of Explosion?

In the past month, LINK has continuously flowed out from major exchanges. On-chain data shows that at the beginning of April, the net outflow reached as much as 710,000 LINK in just three days, equivalent to over 120 million dollars. Large transfers by whales suggest that the market is 'quietly accumulating positions'.

🔍 Key On-Chain Data:

About 73% of tokens have not moved in two years, with the long-holding ratio reaching a new high for this phase.

The number of medium to large addresses holding 100,000 to 1 million LINK has risen to a historical peak (a total of 621).

Significant signs of major wallet positioning, with chips concentrating towards 'strong hands'.

📈 Technical Signals:

LINK's daily price has broken out of the descending wedge pattern since February, with the neckline breakout position at 12. The current price has risen above 14, and if the momentum continues, it will challenge the 16-18 range.

If it stabilizes above the wedge's upper edge, the next target may point to 30. A drop below 12.5 would necessitate caution for a pullback to the support zones of 10.5 or 9.

🎯 Conclusion:

In the overall sideways and volatile market, LINK exhibits strong structural advantages. The on-chain capital flow, long-term holding data, and technical patterns resonate, indicating potential upward momentum in the short term. However, attention must still be paid to the macro market environment and movements of large holders; low-buy opportunities during pullbacks may become even more critical.