Whale comot 210k LINK from Binance, still get 335k LINK
On-chain tracker @ai_9684xtpa talk say big whale wey don make $14.26m from WBTC trade don commot 210,000 LINK tokens (around $4.48m) from Binance for past 10 hours. The whale own Chainlink tokens reach 335,000 LINK now, worth about $7.16m. When big LINK waka from exchang, e fit mean say dem dey plan new moves or dem expect price go change. Crypto traders need dey watch on-chain moves, whale transfer, and Binance reserves well to fit sabi how e go affect Chainlink market. Big whale moves normally dey happen before market wahala, so these data na serious tin for LINK price check and trade plans.
Bullish
Big big withdrawal of LINK by one whale usually mean say dem get plan to hold long term rather than sell quick quick. When whales move their assets outside exchange, e reduce the selling power wey dey for market, and this kind action fit help the price to increase. For history, tins like big BTC withdrawal from exchange don always show say the whales believe say price go rise later, and e usually come before the market go bullish. For Chainlink, if $4.48 million flow out wey reduce exchange reserve, e fit be good sign for price to rise. For short time, traders fit see less pressure to sell down, and any big on-chain movement fit make people buy more speculatively. For long term, if big holders keep on collecting, e go help the network foundation and market feeling strong well. But traders suppose still dey watch if the whale move the assets go cold wallet or DeFi protocols, plus any time e put am back to exchange. Overall, this LINK withdrawal dey match the kind bullish market behavior.