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LINK shows obvious signs of on-chain accumulation, with whales continuously "withdrawing from exchanges."
Monitoring indicates large addresses are withdrawing LINK from exchanges in batches:
First withdrawal: 370,631 LINK, approximately $3.48 million
Additional withdrawal: 125,999 LINK, approximately $1.19 million
As of now, this address has accumulated a total holding of 565,612 LINK, with a total value of about $5.33 million.
The core meaning of this behavior is very clear:
Shifting from "trading liquidity" to "on-chain holdings" is a typical mid-term layout signal.
Generally, large funds withdrawing assets from exchanges means short-term selling willingness is decreasing, while also reducing the likelihood of passive selling pressure.
But it is important to note that—
Accumulation does not mean an immediate rise; it is more about preparing chips for subsequent market movements.
When funds choose to settle, the price often needs time to digest and brew.
Follow me for continuous tracking of on-chain chip migration and main capital movements.