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Chainlink whales move $4.8M in LINK as breakout holds above key channel resistance
Chainlink’s price has broken out of a long-running descending channel and is holding above former resistance around the mid-$14 region. Large holders recently withdrew 342,557 LINK worth $4.8 million from Binance, while spot exchange netflows turned negative by about $2.26 million and Open Interest climbed 9.5% to roughly $673.5 million, with funding near 0.0101%. These shifts in supply, leverage, and structure favor bullish continuation as long as price stays above the old channel boundary, though a breakdown could trigger sharper downside if leverage unwinds.