Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

ZKP, a privacy-focused cryptocurrency, will launch trading on South Korea’s major exchanges Upbit and Bithumb. The listings mark a significant market entry for ZKP in one of the world’s largest crypto trading hubs, potentially increasing liquidity and user access. Exact listing dates, trading pairs, and deposit/withdrawal schedules were announced by the exchanges (or ZKP team) in linked statements. The move follows growing interest in privacy tokens despite regulatory scrutiny in some jurisdictions. Traders can expect higher on‑exchange volume for ZKP at listing, potential short-term price volatility around the announcement and listing dates, and improved price discovery over time as Korean market participants engage. Key keywords: ZKP, privacy token, Upbit, Bithumb, South Korea, crypto listing, liquidity, trading pairs, price volatility.

A post on the Truth platform alleging that former President Trump uncovered “1 million” pages of new Jeffrey Epstein documents and that the DOJ was diverted to handle a politically motivated scheme has circulated without verification. The claim, amplified on social media, highlights how political headlines can drive short-term crypto market moves by altering perceptions of regulatory risk and macro policy uncertainty. Traders may see amplified volatility during thin liquidity sessions; Bitcoin and major altcoins are particularly susceptible to rapid repricing as market participants reassess risk exposure. Recommended trader actions include prioritizing official statements and on-chain data over social posts, maintaining disciplined stop-loss levels, using diversified hedges, and avoiding overreaction to unverified narratives. Key themes: political headline-driven sentiment, regulatory risk, short-term volatility, importance of risk controls.

Jan3 CEO Samson Mow said on X that he expects 2025 to be a bear market but believes Bitcoin will soon begin a prolonged bull market lasting until about 2035. The brief report — shared by PANews — conveys Mow’s forward-looking market view without providing detailed timing, price targets, or the analysis supporting his forecast. No trading advice or specific strategies were offered. The statement is positioned as market commentary from a notable industry figure rather than an analytic report. Relevant keywords: Bitcoin, bull market, bear market, Samson Mow, 2025, 2035.

Market analyst Colin Wu warns the GENIUS Act — enacted in July — creates both opportunities and major risks for the crypto sector. While the bill could boost adoption of USD-backed stablecoins and demand for dollars and US Treasuries, Wu says it concentrates geopolitical and financial influence and complicates global dollar flows. The Act defines acceptable reserve assets (bank deposits, short-term Treasuries, repo agreements), but their price volatility could produce reserve shortfalls if Treasury values fall. Wu argues stablecoin rules will likely trigger broader regulation of crypto assets and real-world assets (RWAs), pushing licensed banks to enter tokenization, custody and clearing once legal recognition arrives. That shift could centralize stablecoin infrastructure within regulated banks and reduce risks to monetary stability — but also threatens the current stablecoin industry by displacing unregulated firms and changing profit dynamics. Traders should note potential liquidity and reserve risks, increased regulatory scrutiny across crypto sectors, and the prospect of greater bank involvement in tokenization. Key implications include higher USD/Treasury demand, regulatory-driven market reconfiguration, and elevated uncertainty for stablecoin-backed trading and RWA activity.

Onchain Lens data shows a wallet linked to Justin Bram received 5.37 million WLD tokens from the Worldcoin vesting wallet (roughly $2.6 million). Of those, 943,000 WLD were transferred directly to Justin Bram and subsequently sold for about $458,814. The same address also sold 23.84 million FAI tokens for $54,629. The activity highlights token vesting distributions and early token sales by an individual associated with Worldcoin. Traders should note the size of the WLD transfer and the on-chain sale, which could increase short-term sell pressure on WLD and draw attention to token unlock schedules and insider-related flows.

OKX spot market snapshot: MINA recorded the largest intraday gain at +3.22%, trading at $0.0794. Other top gainers included CHZ (+3.20%, $0.0364), PEOPLE (+3.06%, $0.00939), BLUR (+2.94%, $0.0287) and OP (+2.81%, $0.271). On the downside, MEME was the biggest decliner at -1.91%, trading at $0.00100. Additional intraday losers were CRV (-1.59%, $0.383), CORE (-0.61%, $0.114), JUP (-0.60%, $0.200) and BCH (-0.55%, $599). The report is a market information update and does not constitute investment advice.

On-chain monitoring by onchainschool.pro shows FBG Capital transferred roughly 15 million BIO tokens (about $700,000) to Binance overnight. Analysts note some of the moved tokens originated from the project’s team unlock wallet. After the transfer, the sender’s wallet still retains approximately 14.9 million BIO. Market observers are watching for further deposits or withdrawals on centralized exchanges, since large token flows from team or institutional wallets can signal selling pressure, token distribution events, or wallet consolidation. Key points: 15M BIO (~$700K) deposited to Binance; portion from team unlock wallet; sender wallet balance ≈14.9M BIO. Primary keywords: BIO token, FBG Capital, Binance, token transfer.

LookIntoChain reports that the Ethereum wallet pension-usdt.eth initiated a long-to-short trade, shorting 20,000 ETH using 3x leverage. The short entry price was $2,921 and the liquidation price is $4,832. Historical on-chain analysis shows this address typically performs short-term swing trades with modest leverage, maintains exposure across BTC and ETH, averages roughly 20 hours per cycle, and has generated an estimated $13.87 million profit over the past 30 days. Traders should note the large notional size and leveraged exposure — this position can exert downward pressure on ETH spot and derivatives markets and amplify liquidation cascades if prices spike toward the liquidation level. Market participants should monitor real-time order book liquidity, funding rates, and whale wallet movements for confirmation and potential trading opportunities.

Jared Isaacman, newly confirmed NASA Administrator and Elon Musk ally, told CNBC the U.S. will return to the Moon under a second Trump term with a focus on building an "orbital economy." Isaacman outlined plans for space data centers, a permanent Moon base, nuclear propulsion and Helium‑3 mining. He said NASA is actively partnering with SpaceX, Blue Origin and Boeing under the Artemis program, which received $9.9 billion in recent U.S. funding. Artemis II (crewed test flight) and Artemis III (landing with a SpaceX lunar lander) are upcoming milestones. Isaacman also highlighted development of reusable heavy‑lift rockets and on‑orbit cryogenic propellant transfer as enablers for affordable, frequent lunar missions and future Mars missions. The interview also touched on terrestrial developments: SpaceX reportedly bought over 1,000 Tesla Cybertrucks as Tesla faces weak consumer demand. Key entities: Jared Isaacman, Elon Musk/SpaceX, Blue Origin, Boeing, NASA, Trump administration. Primary keywords: space data centers, orbital economy, Artemis, SpaceX; secondary keywords: Helium‑3, lunar base, on‑orbit refueling, nuclear propulsion.

A prominent on-chain trader known as pension-usdt.eth has shifted from long to short after realizing over $25 million in cumulative profits. According to Lookonchain, the trader closed prior ETH long positions taking $278,000 in realized gains, then opened a leveraged short: 20,000 ETH at 3x leverage (approximately $58.44 million notional value). The move represents a significant directional bet against ETH and follows substantial profit taking. This development is relevant for traders because large leveraged positions and flips from profitable whales can increase short-term volatility and influence market sentiment around ETH. Key data: >$25M total profits, $278K realized from closing longs, short: 20,000 ETH at 3x (~$58.44M notional).

Solstice updated its public sale terms, confirming that SLX tokens from the public sale will be 100% unlocked at token generation event (TGE). A 14‑day refund window will be available after the sale for investors concerned about near‑term USX volatility. Solstice says SLX issuance is on schedule with the TGE targeted for Q1 2026 and no delays reported. The team is actively managing liquidity — including LP and market‑making measures — after a brief USX depeg tied to liquidity strains; the peg has largely recovered. Prior public sale activity took place on Legion. The update aims to preserve investor liquidity, align with governance disclosure standards, and reassure markets ahead of the planned TGE.

Ethereum has seen sustained spot-ETF outflows since Dec. 11, totaling roughly $853.9 million over two weeks, with only Dec. 22 recording a notable $84.6 million inflow. Major withdrawals have come from BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s Wise Origin Ethereum Fund (FETH), signaling an institutional year‑end pullback. ETH traded near $2,900–$2,964 at the latest checks, down from August highs and roughly 12% lower week‑on‑week in earlier reports. Trading volume, derivatives volume and open interest have fallen, indicating reduced leverage and lower conviction. Technical indicators (RSI <50, MACD bearish, lower highs/lows) point to short‑term downside bias; key supports are $2,880–$2,980 with $2,500 flagged as a critical level if outflows continue. Bitcoin spot ETFs saw larger concurrent outflows (~$1.538B over the same period). By contrast, XRP ETF flows showed steady inflows and net assets above $1.16B, reflecting stronger institutional interest. For traders: monitor ETF flows, spot liquidity and on‑chain whale activity; manage risk with position sizing, stops near support levels, and watch RSI shifts for early divergence that could signal a reversal.

US major indices closed slightly lower: Nasdaq -0.09% (weekly +1.22%), Dow -0.04% (weekly +1.2%), S&P 500 -0.03% (weekly +1.4%). Spot silver jumped about 10% intraday, breaking $79/oz and rising more than 173% year-to-date. Spot gold gained 1.12% to $4,531.1/oz, up roughly 4.44% for the week. Blockchain-related equities mostly fell: MicroStrategy (MSTR) rose 0.06% while another listing for Strategy (MSTR) showed -1.18%; Twenty One Capital (XXI) -1.36%; Circle (CRCL) -1.66%. The report is for market information only and not investment advice.

On-chain data from Onchain Lens shows a single high-activity wallet accumulated a total of 59,955 AAVE by purchasing AAVE with ETH across multiple transactions. Initial activity deployed 1,086 ETH (≈$3.17M) to buy 20,375 AAVE; over the following four days the same address added 1,586 ETH (≈$4.7M) to acquire 30,003 AAVE, producing an average entry near $156.65 per token. The wallet now holds AAVE valued at about $9.24M but faces an unrealized loss of roughly $4.26M, reflecting recent AAVE price declines and market volatility. For traders, the move signals deliberate accumulation by a large holder using ETH liquidity, highlights concentration risk and potential selling pressure if the whale seeks to rebalance, and underscores volatility in DeFi tokens paired with Ethereum. Primary keywords: AAVE, whale accumulation, ETH, unrealized loss.

Coinbase’s 2026 outlook predicts cryptocurrencies will move from a niche speculative market into the core of global finance by 2026, describing the change as “extraordinary and transformative.” The report highlights expanding institutional adoption, growth in on‑chain settlement and tokenized assets, improvements in custody, compliance and payments infrastructure, and new revenue opportunities for exchanges and custodians. Coinbase expects increasing regulatory clarity to accelerate institutional flows, and forecasts that tokenization of real‑world assets and programmable money will reshape capital markets. The paper cites potential increases in on‑chain transaction volumes, settlement activity and assets under custody as key metrics to watch. While noting risks — regulatory uncertainty, macroeconomic shocks and technology or security failures — Coinbase frames the next three years as a pivotal adoption window that could materially expand crypto’s role in payments, capital markets and financial infrastructure. Primary keywords: Coinbase, crypto adoption, tokenization, institutional flows. Secondary/semantic keywords: on‑chain settlement, custody, regulatory clarity, programmable money.

This article presents the second part of a framework explaining how liquidity and risk appetite drive cryptocurrency cycles within global asset rotation. It classifies assets by pricing mechanisms: global-priced assets (crypto, gold, major commodities) sensitive to dollar liquidity, real rates and global risk sentiment; locally-priced assets (equities) driven by country-specific structural factors; and jurisdiction-priced assets (sovereign bonds) tied to national fiscal/monetary credibility. The piece argues crypto reacts fast and transparently to liquidity shifts but depends more critically on shifts in global risk tolerance than on monetary easing alone. Practical steps for traders include mapping a panoramic global-asset view, identifying shared macro drivers, distinguishing pricing mechanisms, and locating each asset in the cycle to convert macro views into concrete asset-rotation decisions. Key trader takeaways: monitor dollar liquidity, real rates and risk-on/risk-off indicators; separate liquidity expansion from genuine increases in risk appetite; treat crypto as a late-cycle, high-beta liquidity expression rather than a pure store of value. The framework is positioned as a decision tool — not a prediction — and encourages applying live data and capital-flow signals to time rotations across crypto and traditional markets.

Bitmain committed 74,880 ETH (about $210 million, March 2025 prices) to Ethereum staking, representing roughly 2,340 validators and one of the largest institutional staking moves since The Merge. The accumulation took place over several months via multiple exchanges and private wallets, indicating coordinated, price-conscious buying and enterprise-grade staking infrastructure. At the same time, infrastructure provider Shapelink unstaked 35,627 ETH (≈$100 million) over a 48‑hour period, a planned treasury reallocation enabled by post‑Shanghai withdrawals. Onchainlens reported both moves. The contrasting transactions highlight institutional diversification into proof‑of‑stake validation, growing professionalization of staking operations, and improved liquidity for large stakers. Key implications for traders: increased institutional staking can reduce sell-side pressure and strengthen network security but may compress staking yields; large exits demonstrate available liquidity and potential for short-term supply adjustments. Regulatory, tax, and compliance considerations remain material for corporate stakers and can influence timing of on/off‑chain moves.

Cardano founder Charles Hoskinson says Web3-native platforms such as XRP and Cardano are outpacing legacy finance in tokenization efforts. Speaking after discussions around the Canton Network, Hoskinson argued traditional institutions are attempting to replicate systems already built for Web3 but at a much smaller scale. He cited real-world assets (RWA) tokenization as a transformative market opportunity, estimating it could be worth roughly $10 trillion. Hoskinson highlighted XRP’s large idle supply — he estimated over $100 billion of XRP currently yield-free — and proposed integrating XRP liquidity into Cardano DeFi to unlock dormant capital, boost yields, and increase Cardano’s TVL. He also mentioned Cardano’s privacy sidechain Midnight and emphasized interoperability and partnerships (not competition) with ecosystems like XRP to capture liquidity and institutional capital. Hoskinson believes purpose-built Web3 platforms have structural advantages over legacy finance in the tokenization race.

Nvidia structured a $20 billion agreement to license key assets and hire Groq’s senior leadership rather than execute a formal acquisition. Groq founder and CEO Jonathan Ross, president Sunny Madra, and other executives will join Nvidia while Groq remains an independent entity led by finance chief Simon Edwards. The deal is framed as a non-exclusive license and selective asset purchase, following a trend among major tech firms to secure AI talent and IP without triggering full merger reviews. Analysts say the move helps Nvidia both offensively — pulling inference technology in-house to deny rivals access — and defensively — reducing antitrust exposure and speeding deal closure. Market context: Nvidia (NVDA) has about $60.6 billion in cash and short-term investments (Q3 2025) and its stock rose modestly on the news; NVDA is up ~42% year-to-date. Key questions remain over who owns Groq’s LPU intellectual property and whether remaining Groq cloud operations could compete with Nvidia-licensed services. Further public commentary is expected at CES on Jan. 5 when CEO Jensen Huang speaks.

The New York Fed reported $30.5 billion of failed settlements in 10‑year Treasury trades for the week ending Dec. 10 — the largest weekly delivery fails since 2017. The fails centered on the most recently issued 10‑year note from a $42 billion Nov. 12 auction. Lending rates on that note plunged into negative territory in repo markets, prompting near‑guaranteed settlement failures. Market participants attribute the stress to the Federal Reserve’s reduced reinvestment and balance sheet runoff: the Fed added only $6.5 billion of that auction to its System Open Market Account (SOMA), materially less than prior reopenings (Feb: $11.5B; May: $14.8B; Aug: $14.3B). Lower maturing SOMA volumes and caps on reinvestment reduced the Fed’s support for auctions, tightening available supply and exacerbating borrowing strains. A Dec. 15 reopening failed to alleviate scarcity. Treasury yields moved little after the holiday; the 10‑year yield was about 4.13% while the 2‑year fell to ~3.48%. Recent economic data (jobless claims and Q1 GDP growth) also influenced short‑end moves. Key takeaways for traders: large delivery fails signal acute scarcity in specific Treasuries, can drive volatility in repo and rates markets, and may widen cross‑asset stress — important for risk models, funding costs, and stablecoin/Treasury‑backed instrument exposures.

Bitcoin, Shiba Inu (SHIB) and Ethereum (ETH) are showing technical signs of stabilization that could precede larger moves. Bitcoin has consolidated above recent lows after a liquidation-driven sell-off; volume has normalized and price is compressing under moving-average resistance. If BTC holds the current base and breaks local resistance, a mechanical move toward $90,000 becomes more likely as sidelined capital and short-covering return. SHIB has transitioned from a steep downtrend to a prolonged narrow consolidation: volatility and selling pressure have eased, volume is subdued, and the token is trading near local support — a structure consistent with accumulation and a higher risk-reward for a breakout, though confirmation via rising volume is needed. ETH is squeezed between a rising trendline of higher lows and descending moving averages, with flattening MAs and better rebound follow-through suggesting bearish conviction is waning. Overall, the market appears to be shifting from panic to selective accumulation; volatility for ETH may spike once direction resolves. Key trading implications: watch BTC’s ability to hold the base and clear moving-average resistance toward $90K; monitor SHIB for a breakout with accompanying volume expansion; watch ETH for a volatility breakout from its wedge. Risk remains if consolidation breaks to the downside.

China’s Shanghai Stock Exchange will allow commercial reusable-rocket companies to list on the STAR market without meeting standard profit or revenue thresholds, provided they demonstrate at least one successful orbital launch using reusable rocket technology. The rule change aims to speed capital access for firms developing reusable launch systems — notably private player LandSpace, which in December conducted China’s first full test placing a satellite into orbit with its Zhuque-3 reusable system but did not recover the first-stage booster. The policy shift is intended to help Chinese companies close the technological and strategic gap with the US, where SpaceX dominates reusable rockets with the Falcon 9. China is pursuing large satellite megaconstellations (state-backed Guowang up to 13,000 satellites; Qianfan around 15,000 planned) to rival Starlink (about 6,800 active satellites). The exchange previously eased rules for pre-profit innovative firms in June and now prioritizes companies taking on national missions. LandSpace has said it needs public capital to compete and may IPO in early 2026 after prior state funding; it plans a full recovery attempt of Zhuque-3 in mid-2026. The change will likely accelerate fundraising and development across state-owned and private Chinese space firms.

Coins.ph has relaunched its mobile app as an all‑in‑one digital wallet combining everyday payments, bill settlement, bank and e‑wallet transfers, low‑cost international remittances and in‑app crypto trading. The platform — licensed by the Bangko Sentral ng Pilipinas as a virtual asset marketplace and mobile wallet — supports the national QR Ph standard with acceptance at over 600,000 merchants and near real‑time confirmation on more than 120 bill types. Coins.ph aims to reduce friction across multiple apps and speed fund movement across banking and e‑wallet ecosystems. The company is promoting PHPC, a peso‑backed stablecoin (pending regulatory approvals), for QRPh payments and exploring PHPC use on Circle’s Arc testnet for cross‑border remittances. Recent partnerships include Sky Mavis (PHPC for QRPh), FinFan (Philippines–Vietnam remittances) and BCRemit (stablecoin remittance corridors). Amira Alawi has been appointed Global Marketing Director to lead international expansion toward a larger global platform (Coins.xyz). For traders: the relaunch centralises on‑ramp/off‑ramp rails, increases fiat‑crypto utility in the Philippines and signals potential growth in PHPC stablecoin flows if regulators approve wider use — factors that could influence local crypto liquidity and stablecoin demand.

Weekly market analysis shows several altcoins forming higher highs and higher lows and trading above their moving averages, indicating resumed bullish momentum. Canton (CC) leads performance — trading at $0.09696 with a market cap of $3.54B and 7-day gain of 27.94% — having broken above and retested moving averages; resistance sits at $0.11 with an upside target near $0.15. Pippin (PIPPIN) trades at $0.5160, market cap $516M, 7-day gain 23.02%; pattern suggests potential rise toward $0.90 but prior rejections at $0.70 signal selling pressure. Audiera (BEAT) is uptrend-biased at $2.27 (market cap ~$365M, 7-day gain 20.19%) and remains above the 21-day SMA; a break below that SMA would increase downside risk. Midnight (NIGHT) is rebounding from a retracement, trading at $0.08075 (market cap ~$1.34B, 7-day gain 18.46%) with a potential return to $0.116. Sky (SKY) regained bullish momentum at $0.06808 (market cap ~$1.56B, 7-day gain 15.33%) and may test $0.070–$0.080. The report emphasizes moving-average support and resistance levels as key short-term drivers and includes the author’s disclaimer that the analysis is opinion and not investment advice.

Aave founder Stani Kulechov purchased roughly $15 million worth of AAVE tokens from the open market during a sensitive governance period that included debate over AIP-121 — a proposal to have the Aave DAO absorb and fund Aave Labs. Analytics firms flagged the purchase and community members raised concerns that a large founder holding could concentrate voting power and sway DAO decisions. Kulechov publicly confirmed the purchase but said he did not use those tokens to vote on AIP-121 or related measures, stressing his commitment to the protocol’s long-term health. Aave governance relies on token-weighted voting and has a distribution of voting power among many addresses, though large holders (whales) can exert outsized influence. Market reaction was limited: AAVE saw short-term volatility but stabilized, while core metrics such as TVL (~$12B across V2/V3) and protocol revenue remained strong. The episode highlights ongoing tensions as projects transition from founder-led teams to fully community governance and underscores possible governance innovations (time locks, reputation systems, transparency dashboards). Key implications for traders: monitor on-chain voting power concentration, governance announcements, and any follow-on proposals related to Aave Labs funding — these events can cause short-lived volatility even if fundamentals remain intact.

Bitcoin’s roughly 30% decline from its 2025 high has made tax‑loss harvesting a prominent strategy for crypto investors seeking to offset sizable stock market gains. With the S&P 500 up about 18% year‑to‑date, investors can sell depreciated Bitcoin positions to realize capital losses and immediately repurchase, because the IRS treats crypto as property and does not apply the 30‑day wash‑sale rule used for stocks. Losses may offset capital gains dollar‑for‑dollar and up to $3,000 of ordinary income annually, with excess losses carried forward. Experts cited include Robert Persichitte, CPA (Delagify Financial), Tom Geoghegan (Beacon Hill Private Wealth) and Cornell professor Will Cong, who note that the lack of wash‑sale restrictions accelerates execution and that recent entrants and a 30% autumn peak decline raise year‑end selling pressure. Key takeaways for traders: (1) tax‑loss harvesting can trim 2025 tax bills by offsetting equity gains; (2) immediate repurchase preserves market exposure; (3) act before year‑end and monitor forthcoming 1099‑DA reporting in 2026. Primary keywords: Bitcoin, tax‑loss harvesting, wash‑sale rule. Secondary/semantic keywords: capital losses, S&P 500 gains, IRS guidance, year‑end selling, tax planning.

APEMARS (APRZ) has launched its whitelist for a staged presale that the project markets as a narrative-driven opportunity combining utility mechanics (thermal burns, referral rewards) with community incentives. The presale’s Stage 1 price is cited at 0.00001699 with a projected listing price of 0.0055, yielding a theoretical ROI above 32,000% for earliest entrants; a $200 Stage 1 allocation would equate to roughly 11.78 million APRZ at that price. The article contrasts APEMARS with established Layer‑1s — Solana (SOL) and Sui (SUI) — noting Solana’s throughput and developer adoption and Sui’s growing cross‑chain integrations (e.g., Bitget Wallet). The piece is a sponsored press release emphasizing early‑entry advantages for traders seeking high-upside, low‑price altcoins under $0.40, while reminding readers that presales carry risk and are not financial advice. Primary keywords: APEMARS, presale whitelist, APRZ, altcoins under $0.40, Solana, Sui.

On-chain metrics show Bitcoin is in a high-risk regime as capital exits the market. CryptoQuant analysis of seven-day moving average (7dMA) net capital flow — realized profits minus realized losses — sits near -$160 million, indicating average daily net capital loss over the past week. Elevated coin movement (% Supply Active, last 180 days) is 31.79% (above its 30-day average and in the 80th historical percentile), up 14.4% year-over-year. The combination of negative 7dMA and rising supply activity suggests active distribution and loss-taking, not accumulation. Price action: BTC is trading around $88,700, capped below $90k with lost momentum after a correction from $120k–$125k earlier in the year. Technicals show BTC below a faster-moving average (now resistance) but above a longer-term rising MA that still provides structural support. Volume spiked on the sell-off from >$110k; the rebound to ~$88k has low participation. Key ranges: holding $86k–$90k preserves the bullish structure; failure to reclaim $95k–$100k keeps downside risk elevated. For traders: expect heightened volatility and potential further downside while 7dMA remains negative and supply activity stays high; reduced conviction implies rallies are likely to be sold and volume-driven sell events can accelerate losses.

Chainlink (LINK) has seen sustained exchange outflows and sizable on-chain accumulation that have tightened available supply and reduced near-term selling pressure. Since January, reserves on exchanges declined materially as several large wallets withdrew funds — including a single wallet removing over 329,000 LINK — while the Chainlink reserve added ~90,000 LINK, pushing total reserves above ~1.32M LINK. Exchange outflows recently exceeded 15M LINK, compressing liquid supply. Price has traded in a range (roughly $11.75 support to $14.65 resistance) and rebounded from a demand zone toward a descending-channel ceiling near $13.2–$13.5. Key upside targets to watch are $14.65, $16.66 (distribution pivot) and $20 (macro reclaim). On-chain and derivatives indicators point to buy-side absorption rather than leveraged chasing: 90-day spot taker CVD is positive, signalling persistent taker buy dominance; derivatives show larger short liquidations (~$59.5k on Dec 26) versus long liquidations (~$10.6k), implying sellers — not buyers — suffered forced exits. Futures taker CVD also supports buy-side activity. Analysts say downside risk remains contained while LINK holds above $11.75 and that a clean break above $14.65 could open a move toward $16.66, aided by tightening supply. Traders should monitor on-chain flows, exchange balances, taker CVD and key resistance levels for signs of a directional breakout or renewed selling pressure.