LINK rides demand from new whales to strong rally

Chainlink (LINK) posted itself among the ranks of rising tokens over the past days, with increased demand from new ￰0￱ added over 12% to recover above $18. Chainlink (LINK) had one of the strongest recoveries for the past day, as crypto assets started rebuilding their ￰1￱ expanded by over 12% in the past 24 hours, rising to $18.78. The token bounced from recent lows of $15.87 as altcoins suffered significant cuts in the past ￰2￱ open interest increased to $335M, up from recent lows of $285M. However, more traders are attempting to short LINK, as short positions expanded to 24% of open ￰3￱ Hyperliquid, three out of the five top LINK whales have taken short positions, with the largest one at $4.82M in notional ￰4￱ still draws attention to itself as a leading RWA tokenization platform, based on its oracle and data ￰5￱ is also gaining prominence as one of the main oracles for ￰6￱ wallets accumulate LINK Following the October 10 liquidation, LINK saw renewed accumulation into newly created ￰7￱ addresses emerged in the past week, buying over $116M worth of LINK.

On-chain data shows the tokens were sent to 30 new wallets after withdrawal from ￰8￱ accumulation! 30 new wallets have withdrawn 6,256,893 $LINK ($116.7M) from #Binance since the 1011 market ￰9￱ — Lookonchain (@lookonchain) October 20, 2025 The largest wallet withdrew $7.29M worth of LINK, with several withdrawals in the past two ￰10￱ prominent wallets only hold LINK, withdrawing the tokens in several ￰11￱ reports over 62M in customer LINK reserves, meaning the latest withdrawals took up to 10% of the exchange’s LINK ￰12￱ reserves on Binance fell to multi-year lows, following the recent round of accumulation into new self-hosted wallets. |