{"id":18147,"date":"2025-12-17T09:04:07","date_gmt":"2025-12-17T09:04:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/chainlink-price-stuck-in-a-bearish-channel-can-263m-in-whale-buying-trigger-a-breakout\/"},"modified":"2025-12-17T09:04:13","modified_gmt":"2025-12-17T09:04:13","slug":"chainlink-price-stuck-in-a-bearish-channel-can-263m-in-whale-buying-trigger-a-breakout","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/chainlink-price-stuck-in-a-bearish-channel-can-263m-in-whale-buying-trigger-a-breakout\/","title":{"rendered":"Chainlink price stuck in a bearish channel \u2014 can $263M in whale buying trigger a breakout?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink price is capped inside a narrowing bearish structure despite signs of accumulation from large holders.<\/p>\n<div id=\"cn-block-summary-block_48eb6a2dab5efb397c27a0b584d4f989\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>LINK trades near $12.8 after double-digit weekly losses and falling volume<\/li>\n<li>Whale wallets added over $263M in LINK since November while exchange balances hit yearly lows<\/li>\n<li>Technical structure stays bearish unless price reclaims key resistance levels<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As of this writing, LINK was trading at about $12.78, showing a slight daily gain of 0.7%. The token has dropped 9.2% over the past month and 10% over the last week as sellers continue to protect overhead resistance.<\/p>\n<p>Daily Chainlink (LINK) trading volume fell to $541 million, down 21% from the previous day, pointing to softer participation during the consolidation phase. Derivatives volume points to the same hesitation. <\/p>\n<p>CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/LINK\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a> shows derivatives volume slipping 19% to $1.02 billion, while open interest rose 2.7% to $544 million.\u00a0This suggests traders are holding positions rather than aggressively adding new leverage, a sign of caution as price compresses.<\/p>\n<h2 class=\"wp-block-heading\">Whale activity and fund flows offer support<\/h2>\n<p>While price action has struggled, on-chain data tells a different story. According to a Dec. 16 X post from Santiment, the top 100 Chainlink wallets have added 20.46 million LINK since early November, worth about $263 million at current prices.<\/p>\n<p>At the same time, LINK balances on exchanges have fallen to their lowest level this year, pointing to continued withdrawals into self-custody.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 ChainLink&#8217;s top 100 largest wallets have been accumulating since the start of November, collectively adding 20.46M <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$LINK<\/a> (~$263M) back to their wallets.<\/p>\n<p>\ud83d\udc40 Watch the accumulation, &amp; view the individual wallets that make up this group of whales here. \ud83d\udc47<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/YGqTlVizTm\">https:\/\/t.co\/YGqTlVizTm<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/P8A7j1vYTj\">pic.twitter.com\/P8A7j1vYTj<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/2000825347793883303?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">December 16, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Institutional flows have also stayed positive. Grayscale\u2019s LINK exchange-traded fund, launched on Dec. 2, has recorded only inflows so far, reaching $56 million in cumulative net inflows. <\/p>\n<p>On Dec. 16, the fund added another $1.38 million, even as Bitcoin and Ethereum ETFs posted large daily outflows exceeding $500 million.<\/p>\n<p>Recent network developments have added to that longer-term confidence. In mid-December, Coinbase selected Chainlink\u2019s cross-chain interoperability protocol as the exclusive bridge for expanding wrapped assets like cbBTC and cbETH across multiple chains.<\/p>\n<p>Around the same time, tokenized asset issuer Backed rolled out its CCIP-powered xBridge, allowing regulated tokenized equities to move across networks.<\/p>\n<h2 class=\"wp-block-heading\">Chainlink price technical analysis<\/h2>\n<p>On the daily chart, LINK continues to trade inside a tightening bearish structure. Price keeps making slightly lower peaks while repeatedly holding the same support around $12.60\u2013$12.70. This tightening range usually means a strong move may be coming.<\/p>\n<p>For now, every bounce has run into resistance, with all the key moving averages sitting above the price.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Chainlink daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Other momentum signals show little follow-through, and the relative strength index is close to 50, keeping LINK at neutral levels. During this consolidation, volume has continued to decrease, suggesting minimal participation from both buyers and sellers.<\/p>\n<p>Momentum may move toward the $14.50 region if buyers are able to raise the price above $13.50 and maintain it there. That would likely require stronger participation and follow-through. <\/p>\n<p>On the downside, a break below $12.60 would tilt the structure lower again, opening the door to a move toward the high-$11 range.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink price is capped inside a narrowing bearish structure despite signs of accumulation from large holders. Summary LINK trades near $12.8 after double-digit weekly losses and falling volume Whale wallets&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=18147"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18147\/revisions"}],"predecessor-version":[{"id":18148,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18147\/revisions\/18148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5464"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}