In-depth Analysis: LINK Whales Transfer 380 Million Tokens, Is it the Night Before the Surge or a Scythe Situation? #币安Alpha积分
Just uncovered some big news on-chain: In the past 24 hours, a mysterious giant whale transferred 38.64 million LINK, worth nearly 580 million dollars!
This operation has directly shaken out many seasoned investors in the circle — after all, when a whale makes a move, the market trembles. Today, let’s analyze the subtext of this operation and see if LINK can really surge to 20 dollars.
1. What tricks are the whales playing?
From on-chain data, there are three key information points about this whale operation:
Seven-day trading volume doubled: IntoTheBlock data shows that whale trading volume in the last 24 hours surged by 671% compared to the 7-day average, reaching an annual high.
What’s even more exciting is that during the same period, 120 million dollars worth of LINK was withdrawn from exchanges, clearly indicating that the giant whales are hoarding off-exchange.
Exchange Mass Exodus: In the past two weeks, the net flow from exchanges has continued to be negative, with 3.81 million LINK being transferred to cold wallets by whales, which is much harsher compared to retail investors’ spare change operations.
With less LINK available on exchanges, it becomes easier for speculators to control the market.
Intense Bull-Bear Tug of War: Don’t be fooled by the current price stagnating at 14.9 dollars; the on-chain liquidation heatmap shows that a large number of long liquidation orders are lurking around the 10-dollar mark.
If these whales are ruthless enough to crash the market, they could trigger a chain liquidation in no time, but if they continue to lock in their positions, the resistance at 16 dollars won't be a significant barrier.
Get Rich or Liquidated? Here's How You Should Operate
A survival guide for the brothers:
If whale wallets continue to accumulate, blindly hold until it reaches 20 dollars.Key Price Positioning: 16 dollars is the psychological ceiling for the 2024 bull market; once broken, the first target is the previous high at 22.87 dollars, and the second target directly aims for 30 dollars.
But if it falls below the support level of 13 dollars, immediately switch to a bearish mindset.
Hedging Institutions' Scythe: The CME LINK futures open interest has reached a new high of 770 million dollars, clearly indicating that Wall Street funds are entering the market.
Retail investors can either follow along or hedge short with a 5% position — remember, when whales fight, it's safest to be a fence-sitter.
Blindly acting alone will never bring opportunities. Tap on the avatar to follow me, and I will guide you to explore tenfold potential coins! Top-tier first-level resources!
