• 1.78 million LINK moved off BitGet, signaling whale accumulation during price decline.

  • LINK trades near $13.71 with rising volume and key support at $13.40.

  • A bounce may hit $15.40, but a breakdown risks falling to $10.40.

The price of LINK is on the edge of a cliff. Traders hold their breath, watching every tick. After four straight days of red candles, LINK stares down a make-or-break moment. Some see fear, others see opportunity. Whale wallets are waking up. Millions of dollars in LINK have vanished from exchanges. That isn’t panic—it’s positioning. With the price hovering near $13.40, the next few days could shape the path for months.

https://twitter.com/ali_charts/status/1928665238280482885?t=mCczQ3K6s-jJmlihamYxJw&s=19 Whales Are Quietly Positioning

Large LINK holders aren’t sitting on the sidelines. On May 31st, Whale Alert flagged a major transfer. Nearly 1.8 million LINK moved from BitGet to a private wallet. That’s over $25 million pulled off the market in one move. Big players don’t do that on impulse. They’re setting the table before the crowd catches on. Exchanges have also seen steady outflows. According to CoinGlass, LINK worth over $4.49 million left platforms in two days.

Traders pulling funds into cold storage often signal bullish intent. They aren’t interested in flipping tokens, they’re planning to sit and wait. This outflow hints at a shift. As LINK dipped, long-term holders quietly increased their grip. Every token withdrawn helps reduce sell pressure. That’s good news for anyone hoping for a bounce.

$13.40: The Line Between Relief and Ruin

At the time of writing, LINK trades near $13.71. That’s down 6% over 24 hours. But LINK’s volume has surged 7%, showing growing interest. More eyes are on this asset now than during the recent climb. The current support zone sits at $13.40. This level once saved LINK from sinking. Back then, the market had confidence. Now, sentiment feels fragile. If LINK holds this ground, a rebound toward $15.40 is within reach. That’s a potential 15% gain. But the foundation must stay firm.

Any crack beneath $13, especially on a daily close, could open the trapdoor. That would put $10.40 in play, marking an 18% plunge. Traders are lining up their bets. At $13.35, there’s $1.14 million in long positions waiting to defend support. On the other end, short-sellers hover near $13.81 with $1.59 million in positions. The field is tight. The battle lines are clear.

This price action looks like a chess match in slow motion. Both sides watch and wait. But when one side breaks, the move could be violent. Chainlink faces a defining moment at $13.40. Whale activity suggests strong accumulation, not panic.If bulls defend support, LINK may rebound hard. But if $13 fails, the next stop could be painful. Traders should stay alert—this move could set the tone for summer.