Chainlink is witnessing notable whale accumulation, indicating a potential market reversal as data shows a decrease in exchange supply and an increase in long-term holding. Recent on-chain metrics reveal that large investors are accumulating Chainlink, which may signal a shift in market sentiment. This accumulation trend comes at a time when the supply of Chainlink on exchanges is diminishing, suggesting that holders are opting to retain their assets rather than sell. The behavior of these whales could be a precursor to a broader market movement, as their actions often influence overall market dynamics. As more investors choose to hold onto their Chainlink assets, it raises questions about future price movements and market stability.
