Darkfost2025-11-18

Whales are quietly positioning on LINK after a 53% Drawdown.

LINK has been navigating a challenging phase for several months. The token has corrected more than 53% from its last peak at $27 in August, bringing it back to a highly significant technical zone. Situations like this often attract strategic buyers, and that is exactly what we are seeing now with a clear uptick in whale activity on Binance. On-chain data reveals a sharp increase in outflows from Binance, particularly within the largest ten transactions (Top 10), which are typically associated with whale movements. The chart highlights this trend clearly, we can observe substantial volumes of LINK are leaving Binance and moving toward external addresses. This type of flow is commonly interpreted as a sign of accumulation. These outflows have recently reached a new monthly high, with an average of 3150 LINK moving off Binance each day, and several sessions even showing spikes above that level. This intensity is far from trivial, especially in a market environment where LINK has yet to fully recover from its August-driven correction. Seeing Binance whales reengage with LINK in this manner sends a strong signal. It reflects renewed interest, a rebuilding sense of confidence, and potentially an early anticipation of a shift in market dynamics. While it does not guarantee an immediate trend reversal, this type of activity has historically preceded periods of stabilization or even the early stages of a recovery.