The overall cryptocurrency market is currently choppy, and top assets including Bitcoin [BTC], Ethereum [ETH], and Binance Coin [BNB] were in red.
Top cryptocurrency assets including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) were in red on March 8, as the overall market remained choppy.
Amid this price movement, on-chain analytic firm Lookonchain highlighted a significant on-chain activity as nearly 54 newly created wallets withdrew 2.08 million ChainLink (LINK) tokens from an exchange.
This massive accumulation of LINK tokens is valued at $30.28 million.
According to on-chain analytic firm Lookonchain, this new accumulation might be executed by whales and institutions.
This massive accumulation signals their interest and confidence as the price reaches the resistance level.
ChainLink (LINK) price analysis: Key levels to watch out forMarch 8 technical analysis by an expert shows that LINK is looking bullish on the shorter time frame as a golden crossover (50 EMA crosses 200 EMA) is spotted on an hourly time frame and the price is nearing a resistance level of $14.8.
However, the recent accumulation data and golden crossover indicates a bullishness in the chart.
At press time, LINK is consolidating near the resistance level and open interest (OI) has surged nearly 2% in the last four hours, indicating investors’ and traders’ interest in the token.
If the LINK 4-hour candle closes strongly above the $14.9 level, then we may see possible targets at $15.5 and $16.5 in the coming days.
According to on-chain analytic firm Coinglass, if LINK breaches and gives a candle closing above the $14.9 level, then we may see $4.9 million worth of short liquidations.
However, data also indicates that short sellers are more active than long buyers.
LINK price performance at the time of writingMarch 8 technical analysis by an expert shows that LINK is looking bullish on the shorter time frame as a golden crossover (50 EMA crosses 200 EMA) is spotted on an hourly time frame and the price is nearing a resistance level of $14.8.
However, the recent accumulation data and golden crossover indicates a bullishness in the chart.
At press time, LINK is consolidating near the resistance level and open interest (OI) has surged nearly 2% in the last four hours, indicating investors’ and traders’ interest in the token.
If the LINK 4-hour candle closes strongly above the $14.9 level, then we may see possible targets at $15.5 and $16.5 in the coming days.
According to on-chain analytic firm Coinglass, if LINK breaches and gives a candle closing above the $14.9 level, then we may see $4.9 million worth of short liquidations.
However, data also indicates that short sellers are more active than long buyers.
At the time of writing, LINK is trading at around $14.40. In the last 24 hours, it experienced a 1% price drop and reached a high of $14.71 level, according to CoinMarketCap.
However, the 24-hour trading volume went down by 2%, indicating a lower level of investors’ and traders’ participation.
In the last seven days, LINK has remained stable due to continuous consolidation, experiencing a 1.3% upside move. Whereas, in the last 30 days, LINK has lost over 20% of its gains.
The above is the detailed content of Whales Accumulate 2.08 Million LINK Tokens Worth $30.28M Amid Choppy Market. For more information, please follow other related articles on the PHP Chinese website!

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate
![Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February](https://img.php.cn/upload/article/001/246/273/174209101774967.jpg?x-oss-process=image/resize,p_40)
Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

Since the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

SublimeText3 Linux new version
SublimeText3 Linux latest version

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function

SublimeText3 Chinese version
Chinese version, very easy to use

Notepad++7.3.1
Easy-to-use and free code editor

Dreamweaver Mac version
Visual web development tools
