Chainlink Unlocks 11.25M LINK — Binance Deposits Spike; $12 Holds as Buyers Step In

Published: 2025-12-20 13:25:57 |

Chainlink’s non-circulating supply wallet unlocked 11.25 million LINK, with 9.23 million LINK (≈$116M) sent to Binance in two transfers and 2.02 million LINK moved to a Chainlink-linked multisig. Exchange inflows jumped to ~10.2M LINK versus ~1.1M outflows, producing netflows near +9.1M LINK — a two-month high — before cooling to about -0.117M LINK at press time. Despite the influx, LINK dipped to $11.7 then rebounded to trade around $12.5 as on-chain and exchange metrics showed buying interest: Coinalyze recorded ~3.5M LINK buy volume vs ~3.2M sell volume (+0.3M LINK buy/sell delta). Technicals indicate a bullish Stochastic RSI crossover in oversold territory, signaling improving short-term momentum but not a confirmed trend reversal. Key levels: support at $12 (critical), downside targets $11 and $10.9; resistance at $13.02 and stronger at $13.7. Traders should watch Binance deposits, exchange netflows, buy/sell deltas and Stochastic RSI for short-term cues. Historically, scheduled large unlocks can cause 5–10% temporary dips but are often absorbed if on-chain demand and ecosystem activity persist.

Neutral

The net effect is neutral with a mildly bullish short-term bias. The large scheduled unlock increased sell-side supply — 11.25M LINK unlocked, with 9.23M sent to Binance — which normally pressures price. That was visible in a sharp spike in exchange inflows (~10.2M LINK) and a temporary dip to $11.7. However, substantial buying emerged: exchange buy volume slightly exceeded sell volume (~3.5M vs ~3.2M LINK) and on-chain metrics show buyers absorbed much of the unlocked supply, leaving LINK holding the $12 support and rebounding to ~ $12.5. Technicals (Stochastic RSI bullish crossover in oversold area) point to improving short-term momentum but do not confirm a sustained reversal. Short-term impact: heightened volatility and downward risk if $12 fails, with potential relief rallies if buyers continue to absorb exchange supply. Long-term impact: neutral-to-bullish conditional on sustained on-chain demand and ecosystem fundamentals; repeated large unlocks without demand would be bearish. Traders should monitor Binance deposits, exchange netflows, buy/sell deltas and Stochastic RSI to gauge whether selling pressure is temporary or persistent.