bullish

Momentum

Chainlink

<h2 class="wp-block-heading" id="strong-in-brief-strong"><strong>In Brief</strong></h2>
<ul>
 <li>30 wallets withdrew 6.25M LINK worth $116.7M from Binance after the October 11 crash.<br></li>
 <li>LINK price surged 10% in 24 hours, breaking above key resistance and reversing trend.<br></li>
 <li>Whale activity includes $16.94M and $2.4M LINK withdrawals, indicating strong accumulation.<br></li>
</ul>
<p>A surge in large Chainlink ($LINK) withdrawals has followed the October 11 market correction, pointing to increased investor confidence. On-chain data reveals that 30 new wallets collectively removed 6,256,893 LINK, worth around $116.7 million, from Binance.</p>
<p>This movement suggests strong accumulation and a shift of tokens into long-term storage by high-value holders. Market analysts associate such off-exchange activity with bullish sentiment and reduced short-term selling pressure.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/lookonchain/status/1980190387039072260
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<p>Additional whale activity supports the trend of strategic <a href="https://coincu.com/news/wallet-withdraws-link-binance/" rel="noopener noreferrer nofollow">accumulation</a> in the past week. A newly created wallet withdrew 142,428 LINK, valued at $2.4 million, from Binance on October 19, according to OnchainLens.</p>
<p>Moreover, Coincu recently <a href="https://coincu.com/markets/chainlink-whale-moves-link-binance/" rel="noopener noreferrer nofollow">reported</a> a whale purchase and withdrawal of 934,000 LINK worth $16.94 million, reinforcing the broader trend. These consistently large transactions reflect growing confidence in Chainlink’s long-term value, even during market uncertainty.</p>
<h2 class="wp-block-heading" id="strong-link-price-breaks-trendline-and-gains-10-on-strong-momentum-strong"><strong>LINK Price Breaks Trendline and Gains 10% on Strong Momentum</strong></h2>
<p>Chainlink is showing a significant price rebound, reflecting investor accumulation and technical strength. As of the latest CoinMarketCap data, LINK trades at $18.78 with a daily gain of 10.06%.</p>
<p>Despite falling 4.80% over the past week, LINK has regained momentum and shows a slight 1-hour dip of 0.46%. The 4-hour chart indicates a breakout from a descending trendline, confirming a bullish reversal above the $16.00–$16.20 support zone.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/10/image-382-1024x462.png" alt="">
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  Source: X
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</figure>
<p>LINK shows strong <a href="https://coincu.com/chainlink/chainlink-forms-cup-and-handle-pattern-with-a-potential-165-rally-to-40-target/" rel="noopener noreferrer nofollow">upward momentum</a>, with the next upside targets set at $20.00 and the $23.50–$23.70 resistance area. Holding above $18.50 remains crucial for sustaining bullish strength and encouraging continued buying interest.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/?p=370076" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

30 Wallets Withdraw $116.7M in LINK From Binance as Price Jumps 10%

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