LINK Whales Accumulate as On-Chain Metrics Turn Bullish
The post LINK Whales Accumulate as On-Chain Metrics Turn Bullish appeared on BitcoinEthereumNews.com.
The altcoin market is witnessing renewed interest in Chainlink (LINK) as large wallets are reportedly accumulating heavily. On-chain data, technical analysis, and sentiment indicators indicate that LINK may be entering a new bullish cycle — potentially outperforming Bitcoin in the coming period. But is this the start of a new “super wave,” or just a flicker before the storm? Sponsored Sponsored Big Money Flowing In, On-Chain Indicators Turn “Green” Over the past 30 days, Chainlink (LINK) has notably increased development activity and network engagement. Data from Santiment shows that Chainlink ranks among the top 10 RWA projects with the highest development activity. This highlights the network’s growing importance in the Real World Assets (RWA) ecosystem, where demand for off-chain data and oracle solutions has become essential. Chainlink is among the Top 10 RWA projects with the highest development activity. Source: Santiment On-chain data from Santiment also reveals that LINK’s 30-day MVRV ratio (measuring the average profit/loss of wallets active in the past month) dropped below -5% on October 17, 2025, a level analysts often describe as an “ideal accumulation zone.” In other words, most short-term investors are currently at a loss, which historically tends to be the phase when whales start accumulating. 30-day MVRV ratio of LINK. Source: Santiment Sponsored Sponsored In fact, LINK has recently witnessed several large-scale accumulation transactions. Whales have been withdrawing LINK from exchanges, which are widely interpreted as long-term holdings. Whale LINK withdrawals. Source: Ted Although LINK recently retraced to the $16–$17 range, it has firmly held the $18 support level. According to another analyst, if the price breaks above $20, overall market sentiment could quickly shift back to bullish. Expert Insights: A New Bull Cycle or Hype Effect? Several technical analysts, such as Daan, point out that Chainlink has historically outperformed the altcoin index…
