Chainlink’s price has significantly declined following a massive sell-off by a whale, who offloaded 722,416 LINK tokens valued at 11.11 million USD on Binance. This sell-off broke key support levels, leading to a potential fall toward 10.85 USD.
Despite the recent price drop, long-term holders are looking to accumulate LINK tokens, with 3.37 million USD worth exiting exchanges. However, short positions outnumber long positions, indicating a bearish market sentiment among traders.
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