Chainlink is witnessing notable whale accumulation, indicating a potential market reversal as on-chain data reveals a decrease in exchange supply and an increase in long-term holding. This accumulation trend suggests that large investors are positioning themselves for possible future gains. The reduced supply on exchanges may indicate that holders are less inclined to sell, opting instead for long-term investment strategies. Furthermore, the behavior of these whales could influence market sentiment, potentially leading to increased interest from smaller investors. Analysts are monitoring these developments closely, as they may signal shifts in market dynamics for Chainlink.
