LINK large withdrawal of 19.8 million USD in three days, is the Whale quietly accumulating or is it market defense?

[Coin World] Interesting events in the last three days: 11 new Wallets withdrew 1.567 million LINK all at once from a major exchange, equivalent to nearly 20 million dollars.

At first glance, it seems like a significant withdrawal, but upon closer inspection, there are many nuances. Industry analysts believe this is not just a simple sell-off—rather, it might be the market actively reducing supply. This tactic of stabilizing the situation by decreasing the circulation of spot assets is quite common, suggesting that there are individuals quietly accumulating at the bottom.

The price performance of LINK is indeed not strong, still struggling below the moving average, and the momentum seems weak. However, a positive signal is that the selling pressure has明显 eased, and the trading volume during the decline is also contracting, indicating that the selling force is weakening.

This is the key - although short-term prices are still grinding, Chainlink's hard strength in real-world assets and cross-chain infrastructure stands out, which has attracted the attention of many professional institutions. Long-term players should be quietly paying attention.