ExchangeDEX+
Buy CryptoMarketsSpotFutures500XEarnEvents
More
0 Spot Fees
The post Chainlink Withdrawals Signal Potential Accumulation Amid Tightening Supply appeared on BitcoinEthereumNews.com. Chainlink withdrawals from Binance totalingThe post Chainlink Withdrawals Signal Potential Accumulation Amid Tightening Supply appeared on BitcoinEthereumNews.com. Chainlink withdrawals from Binance totaling

Chainlink Withdrawals Signal Potential Accumulation Amid Tightening Supply

Author: BitcoinEthereumNewsSource: BitcoinEthereumNews
2025/12/27 07:37
Chainlink
LINK$12.45+1.46%
Ambire Wallet
WALLET$0.01909-3.58%
1
1$0.008275+2.99%
Belong
LONG$0.004409+0.75%
Major
MAJOR$0.12076+1.12%

Chainlink withdrawals from Binance totaling over 329,000 LINK to a new wallet, alongside 90,000 LINK added to the Chainlink Reserve pushing holdings above 1.32 million LINK, indicate strong long-term accumulation, reducing exchange supply and selling pressure for price stability.

  • New wallet pulls 329k LINK from Binance, shrinking liquid supply

  • Chainlink Reserve expands to over 1.32M LINK holdings

  • Exchange balances decline by key amounts, easing sell-side leverage (on-chain data)

Chainlink withdrawals from Binance signal accumulation as 329k LINK exits exchanges and reserves grow. Delve into price charts, positive CVD, and liquidation trends highlighting reduced downside risk and potential upside. (152 characters)

Chainlink withdrawals from Binance reflect a strategic shift toward long-term holding by major players. A newly created wallet withdrew more than 329,000 LINK, directly cutting into exchange-available supply. Simultaneously, the Chainlink Reserve incorporated nearly 90,000 LINK, elevating total reserves beyond 1.32 million LINK. These dual actions from large holders drain liquidity from trading platforms, limiting available tokens for immediate sales and fostering a tighter supply environment.

Chainlink price recently bounced from a demand zone where buyers defended key structure levels, stabilizing after a broader decline. TradingView charts illustrate LINK approaching descending channel resistance between $13.20 and $13.50. A sustained push above $14.65 could target $16.66, a prior distribution point, with $20 as a major reclaim level. Failure below $12 risks retesting demand, but persistent demand favors trend shifts.

Source: TradingView

On-chain metrics reinforce this setup. Reduced exchange balances historically correlate with dampened selling during corrections, as fewer tokens are available for distribution. This pattern supports price compression rather than sharp declines, positioning LINK between $11.75 support and $14.65 resistance.

Buy-side absorption persists under overhead resistance

CryptoQuant data reveals spot Cumulative Volume Delta (CVD) remaining positive over 90 days, underscoring consistent buyer aggression amid range-bound trading. Taker buy volume dominates, absorbing sell orders without sparking immediate price surges—a hallmark of methodical accumulation.

Source: CryptoQuant

The lack of CVD reversals points to sustained conviction among spot buyers, avoiding leverage-driven volatility. Selling pressure fails to intensify, leading to range tightening that often precedes breakouts. This dynamic aligns with Chainlink withdrawals from Binance, as lower exchange supply complements buy-side strength.

Short liquidations outweigh longs as pressure fades

CoinGlass metrics from December 26 show short liquidations at $59.46k versus $10.55k for longs, with Binance contributing $26.94k shorts liquidated against $9.89k longs, and Bybit at $24.76k shorts. This disparity indicates sellers faced forced exits while longs held firm.

Source: CoinGlass

Modest liquidation volumes across exchanges suggest controlled leverage usage, minimizing cascade risks. Combined with positive CVD and supply reductions, this environment curbs downside momentum, supporting consolidation above $11.75.

Frequently Asked Questions

Chainlink withdrawals from Binance, including 329,000 LINK to a new wallet and 90,000 to reserves, directly lower exchange balances. This reduces liquid supply available for trading, historically leading to less selling pressure and greater price resilience during market dips. (47 words)

Chainlink price is testing channel resistance near $13.20 to $13.50 after a demand bounce, with positive spot CVD and favorable liquidations supporting buyers. Holding above $11.75 keeps upside viable toward $14.65 and beyond if momentum builds steadily. (48 words)

Key Takeaways

  • Supply reduction via withdrawals: Over 329k LINK left Binance, plus reserve growth to 1.32M, tightens availability and limits sells.
  • Buy-side dominance: 90-day positive CVD confirms accumulation despite price ranges, signaling patience over panic.
  • Liquidation imbalance: Shorts liquidated at $59k vs. $10k longs, reducing downside risk and favoring stability.

Conclusion

Chainlink withdrawals from Binance and reserve accumulation underscore a bullish supply narrative, complemented by resilient price action, positive CVD, and skewed liquidations. Trading between $11.75 and $14.65, LINK maintains balance with limited downside. A decisive close above $14.65 could propel toward $16.66, as tightening conditions support sustained demand in the Chainlink ecosystem.

Source: https://en.coinotag.com/chainlink-withdrawals-signal-potential-accumulation-amid-tightening-supply

Market Opportunity
Chainlink Logo
Chainlink Price(LINK)
$12.45
$12.45$12.45
+1.05%
USD
Chainlink (LINK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

R. Kiyosaki sets date when silver will hit $200

R. Kiyosaki sets date when silver will hit $200

The post R. Kiyosaki sets date when silver will hit $200 appeared on BitcoinEthereumNews.com. Financial educator Robert Kiyosaki believes the ongoing silver momentum
Share
BitcoinEthereumNews2025/12/28 20:30
Why Crypto Markets May Mature by Early 2026

Why Crypto Markets May Mature by Early 2026

The post Why Crypto Markets May Mature by Early 2026 appeared on BitcoinEthereumNews.com. Coinbase has outlined a forward-looking view of the crypto market, arguing
Share
BitcoinEthereumNews2025/12/28 20:26
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36