Chainlink price eyes rebound as LINK ETF nears $50m milestone as whales buy

cryptonews12-07 15:17

Chainlink price stabilized around the $14 support level as the crypto market rally faded. It has formed a highly bullish chart pattern as LINK ETF inflows soar and as the supply in exchanges drops. ...

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It has formed a highly bullish chart pattern as LINK ETF inflows soar and as the supply in exchanges drops.\n\n\n...</p>\n\n<a href=\"https://crypto.news/chainlink-price-eyes-rebound-as-link-etf-nears-50m-milestone-as-whales-buy/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chainlink price eyes rebound as LINK ETF nears $50m milestone as whales buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChainlink price eyes rebound as LINK ETF nears $50m milestone as whales buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-07 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/chainlink-price-eyes-rebound-as-link-etf-nears-50m-milestone-as-whales-buy/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chainlink price stabilized around the $14 support level as the crypto market rally faded. It has formed a highly bullish chart pattern as LINK ETF inflows soar and as the supply in exchanges drops.\n\n\n...</p>\n\n<a href=\"https://crypto.news/chainlink-price-eyes-rebound-as-link-etf-nears-50m-milestone-as-whales-buy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://crypto.news/chainlink-price-eyes-rebound-as-link-etf-nears-50m-milestone-as-whales-buy/","article_id":"2589876187","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/chainlink-price-eyes-rebound-as-link-etf-nears-50m-milestone-as-whales-buy/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2589876187","pubTimestamp":1765091879,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Chainlink price stabilized around the $14 support level as the crypto market rally faded. It has formed a highly bullish chart pattern as LINK ETF inflows soar and as the supply in exchanges drops.Chainlink price has formed the bullish falling wedge pattern on the daily chart.The Grayscale LINK ETF has accumulated over $48 million in assets.The Strategic LINK Reserves have crossed the 1 million tokens mark.The daily timeframe chart shows that the Chainlink  price has formed a few highly bullish chart patterns. It formed a double-bottom pattern at $11.56 and a neckline at $13.50. A double-bottom is one of the most common bullish reversal signs in technical analysis.Chainlink price has also formed a giant falling wedge pattern, which is made up of two descending and converging trendlines. It has already moved above the upper side of the wedge pattern.Chainlink started accumulating the tokens in August, channelling the fees it makes from the network to these purchases.","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4550":"红杉资本持仓","BK4585":"ETF&股票定投概念","BK4157":"电子设备和仪器","FDN":"First Trust Dow Jones Internet I","LINK":"Interlink Electrs Inc"},"translate_title":"鲸鱼买入，LINK ETF接近5000万美元里程碑，Chainlink价格有望反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDN":1.5,"LINK":1.5},"content_text":"Chainlink price stabilized around the $14 support level as the crypto market rally faded. It has formed a highly bullish chart pattern as LINK ETF inflows soar and as the supply in exchanges drops.\n\n\nSummary\n\n\n\nChainlink price has formed the bullish falling wedge pattern on the daily chart.\nThe Grayscale LINK ETF has accumulated over $48 million in assets.\nThe Strategic LINK Reserves have crossed the 1 million tokens mark.\n\n\n\nChainlink price chart points to a rebound \nThe daily timeframe chart shows that the Chainlink (LINK) price has formed a few highly bullish chart patterns. It formed a double-bottom pattern at $11.56 and a neckline at $13.50. A double-bottom is one of the most common bullish reversal signs in technical analysis.\nChainlink price has also formed a giant falling wedge pattern, which is made up of two descending and converging trendlines. It has already moved above the upper side of the wedge pattern.\nThe token is also about to move above that Supertrend indicator, a sign that the bullish breakout is happening. It is also about to move above the 50-day moving average. \nTherefore, the token will likely continue rising as bulls target the next key resistance level at $20, up by 45% above the current level. A drop below the key support at $11.56 will invalidate the bullish outlook.\nChainlink price chart | Source: crypto.news\nLINK ETFs near $50 million milestone \nThe main catalyst for the Chainlink price is that the top LINK ETF has been received well by market participants. Data compiled by SoSoValue shows that the spot LINK ETF had inflows in all days since it was launched.\nThe fund had over $48 million in assets, bringing its assets to over $70.6 million, representing 0.75% of its market capitalization. This means that it has more gains to go in the coming months as it targets the 5% value that Bitcoin and Ethereum have.\nMeanwhile, there are signs that the supply of LINK tokens in exchanges has continued falling in the past few months. Data shows that the supply stands at 218 million, down from the November high of 264 million.\nLINK exchange supply | Source: Nansen\nAt the same time, whales have continued accumulating their tokens. Data shows that these whales now hold 3.56 million tokens, up from 1.73 million tokens in November, a sign that demand is soaring.\nMode data shows that the Chainlink team is continuing to accumulate tokens as part of the Strategic LINK Reserves. The amount of tokens in these reserves has jumped to 1 million, worth about $14.7 million, a few months after launch. \nStrategic LINK reserves assets | Source: Chainlink\nChainlink started accumulating the tokens in August, channelling the fees it makes from the network to these purchases.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.10","shortVersion":"4.35.10","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2589876187","isCrawlerRequest":true}