2,000,000 LINK Snapped Up by Whales in 2 Days: What’s Next?

TL;DR Whales accumulated 2 million LINK in 48 hours, showing rising confidence during market ￰0￱ is forming a bullish pennant pattern, with the price consolidating between support around $23 and resistance near $26. Exchange reserves fall to June 2022 lows, tightening supply while large investors increase ￰1￱ Accumulation Signals Rising Interest Large holders have been active in the Chainlink market in a 2-day manner at the end of the business ￰2￱ holding between 100,000 and 1,000,000 LINK added nearly 2 million tokens in just 48 hours, according to data shared by Ali ￰3￱ was trading near $24 at press time, with the price movement stable despite the inflow of buying.

Meanwhile, this kind of activity often shows growing confidence among large ￰4￱ noted, Whales bought nearly 2 million Chainlink $LINK in the last 48 hours! ￰5￱ — Ali (@ali_charts) September 19, 2025 Pennant Structure Marks Key Levels for LINK A closer look at the 12-hour chart shows a bullish pennant formation, marked by converging support and resistance ￰6￱ is trading around $24, close to the pattern’s upper ￰7￱ Batman described the formation as “a very clean bullish pennant pattern.” The chart shows resistance forming near $25–$26.00 and support holding around $22–$23, an area that also aligns with a fair value ￰8￱ to Batman, traders are watching these levels as key points within the pennant structure, with a breakout or retest likely to provide clearer direction.