LINK whale increases holdings against the trend: purchased 3.32 million tokens in April, signaling deleveraging in the derivatives market

2026-01-19 14:20:11

Abstract generation in progress

【Crypto World】Although prices are still wavering in the decline zone, interestingly, the big players’ hands haven’t stopped. Recently, on-chain data has attracted attention—a whale withdrew 404,000 LINK from an exchange, worth $5.5 million. Even more impressive, this big holder has been consistently buying for four months straight, accumulating a total of 3.32 million LINK at an average cost of $15.56.

Currently, LINK’s price fluctuates between $11.92 and $14.69, but you can see clues from the exchange withdrawal data—behind the continuous net outflows, there are strategic moves by some smart money rather than market panic selling. More importantly, signals from the derivatives market: open interest has decreased by 8.6% from high levels, now stabilizing at $582 million, with funding rates turning slightly negative. This indicates the market is self-regulating, leverage is gradually being released, and the overall situation is in a rational consolidation phase.

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LiquidityWitch

· 01-19 14:49

ngl the deleveraging ritual is starting to brew... these whales aren't accumulating outta charity, they're reading the tea leaves we can't see yet. that negative funding rate tho? *chef's kiss* — the market's finally purging its cursed leverage positions. 332m link accumulated at 15.56 avg while plebs panic sell at 12? that's not luck, that's transmutation alchemy fr fr

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LiquidationHunter

· 01-19 14:47

This wave of whale operations is indeed impressive. With an average cost of over $15, they still dare to keep buying in... Either they have a really clear view of the future market, or they are betting on a rebound. I'm a bit hesitant now.

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BoredWatcher

· 01-19 14:37

Whales' move is really impressive. They are investing at an average cost of over $15, but the price is fluctuating between $12 and $14. We still have to wait.

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YieldHunter

· 01-19 14:36

ngl if you look at the data, that deleveraging signal is actually legit... but averaging down at $15.56 when price is bouncing $11.92-$14.69? technically speaking that's either conviction or a degen move, hard to tell which 🤔

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PrivateKeyParanoia

· 01-19 14:28

This whale's move is really impressive. The average price of over $15 can still hold up now, which shows how confident they are... Wait, no, if they keep smashing like this, they'll suffer a huge loss.

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GweiWatcher