Whales have withdrawn $188M in LINK from Binance since October 11, as the Holder Accumulation Ratio climbs to 98.9%, signaling strong investor confidence.
Large investors are once again buying Chainlink LINK $12.66 24h volatility: 5.4% Market cap: $8.82 B Vol. 24h: $666.26 M as the final week of October begins.
According to the latest on-chain data, 39 newly created wallets have collectively withdrawn 9.94 million LINK tokens, worth about $188 million, from Binance since the October 11 market dip.
The withdrawals suggest that major holders are betting on LINK’s long-term potential and are moving tokens off exchanges for safekeeping.
Whales keep accumulating $LINK.
39 new wallets have withdrawn 9.94M $LINK($188M) from #Binance since the 1011 market crash.https://t.co/N4RfX2npyl pic.twitter.com/aZcl3uYlZJ
— Lookonchain (@lookonchain) October 27, 2025
Further data from Bitget reinforces this trend. One wallet recently withdrew 1.619 million LINK (valued at $28.39 million), while another freshly created wallet pulled 998,000 LINK (worth $18.33 million) within the last 24 hours.
Combined, these addresses, likely linked to the same entity, have withdrawn 2.617 million LINK (about $46.72 million) over the past nine days at an average price of $17.8.
Market analysts see these large movements as a sign of growing confidence in Chainlink’s long-term potential. They believe the network is emerging as a key layer for DeFi, real-world asset tokenization, and enterprise blockchain integration.
Analysts Predict Potential Upside for LINK Price
Data from Glassnode shows the Holder Accumulation Ratio has reached 98.9%, meaning nearly all active holders are adding more LINK. As more tokens leave exchanges, it indicates that investors are opting to hold long-term rather than sell.
Are on-chain metrics hinting at a $LINK rally?$LINK exchange balances keep dropping, a clear sign of accumulation.
Holder Accumulation Ratio hit 98.9%, showing nearly everyone is adding more LINK.
If this trend holds, analysts see a possible move toward $46 ahead. pic.twitter.com/aO8D7ZwdT7
— Tom Tucker (@WhatzTheTicker) October 26, 2025
This sentiment has boosted investor activity on October 27. The token currently trades at $18.56, up about 3% in the past day.
On the daily chart, LINK is hovering near the middle Bollinger Band (20-day SMA), hinting at a consolidation phase. A breakout above the upper band at $21.45 could lead the token to the $22-$24 zone.
LINK price chart with RSI and Bollinger Bands. | Source: TradingView
The RSI remains neutral but is trending higher, suggesting growing buying interest. However, traders should watch for support around $17, a fall below which could send LINK to $15.30.
Popular crypto trader Don noted on X that LINK has been forming a bullish flag pattern since August.
He projected a possible breakout to $35 for LINK in the near-term, making it the best crypto to buy in 2025.
$LINK on the road to $35 pic.twitter.com/rnz2S3Biec
— Don (@DonaldsTrades) October 27, 2025