The post Chainlink Whales Accumulate 4M LINK: Bullish Signal? appeared com. Key Insights: Whales bought over 4 million LINK as price dropped from $17. 50 to nearly $14. Exchange reserves fell by 6 million LINK in one week, hinting at off-exchange accumulation. RSI near oversold and MACD still negative-momentum weak despite whale accumulation trend. Chainlink Whales Accumulate 4M LINK: Bullish Signal? Chainlink (LINK) holders have added over 4 million in the past two weeks, according to on-chain data. Wallets holding between 100, 000 and 1, 000, 000 LINK tokens increased their balances while the market price dropped. LINK is currently trading around $14. 40, down from above $17. 50 earlier in the same period. This activity has come during a broad market pullback. Ali reported, “Whales have accumulated more than 4 million Chainlink INK over the past two weeks! Exchange Balances Fall as Tokens Move Off Platforms During the same timeframe, the total amount of LINK held on centralized exchanges has decreased. Data from CryptoQuant shows reserves falling from around 146. 5 million to 140. 3 million tokens between October 31 and November 7. This drop of over 6 million tokens indicates reduced selling availability on exchanges. When large wallets accumulate while exchange balances decline, it can reflect a change in short-term supply dynamics. However, no direct outcome is confirmed by this alone. Momentum Indicators Still Show Weakness LINK has lost 16. 6% over the last 7 days, and is down 2. 68% in the last 24 hours. The recent price action continues to show a series of lower highs and lower lows on the daily chart, reflecting a bearish trend. The Relative Strength Index (RSI) is now near 32. 90, close to the oversold threshold of 30. This suggests that.