Accumulate

Sherpa

Chainlink

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 <p>Crypto analytics firm Santiment finds that large wallets are gobbling up the native asset of the decentralized oracle network Chainlink (LINK).</p>
 <p>Santiment notes that addresses holding between 100,000 and 1 million LINK have accumulated $38.5 million worth of the crypto asset in the past week.</p>
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 <p>The firm says those significant wallet moves are “more relevant than small retail traders taking profits.”</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F8lqckpbIAA11Xw?format=jpg&amp;name=4096x4096" alt="Image" width="2605" height="1695">
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   Source: Santiment/X
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 <p>IntoTheBlock, a different crypto analytics platform, notes that large holders have acquired $121 million worth of LINK in the past month.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F8ktMvJXQAAcFmV?format=jpg&amp;name=large" alt="Image" width="1299" height="379">
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   Source: IntoTheBlock/X
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 <p>Crypto analyst Michaël van de Poppe thinks Chainlink is starting a new uptrend. He argues that traders shouldn’t be too concerned about LINK’s correction in the past couple of weeks, which saw the asset decrease in price by nearly 10% from a high of $8.23 in late September.</p>
 <p><em>“I think, if Chainlink remains priced above $6.70-7.00, we’re ready for a breakout to the upside and out of this mindblowing range.”</em></p>
 <p>Pseudonymous analyst Altcoin Sherpa noted last week that LINK has remained in an accumulation range for more than 500 days. He predicted the asset “will fly one day.”</p>
 <p>LINK is trading at $7.42 at time of writing. The 18th-ranked crypto asset by market cap is up more than 20% in the past 30 days.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/large-chainlink-holders-accumulate-38-500-000-in-link-in-one-week-while-retail-traders-take-profit-santiment-tbt66910.html">https://thebittimes.com/large-chainlink-holders-accumulate-38-500-000-in-link-in-one-week-while-retail-traders-take-profit-santiment-tbt66910.html</a></p>

Large Chainlink Holders Accumulate $38,500,000 in LINK in One Week While Retail Traders Take Profit: Santiment

TheBitTimes

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