Crypto whales have sent 610,000 Chainlink (LINK) tokens to exchanges, indicating increased selling pressure. The overall cryptocurrency market is bearish, causing some investors to panic sell, while others see an opportunity and accumulate tokens. If LINK closes below the $15 level, it could decline another 15% towards the next support at $12.60. The bearish trend is further exemplified by the breakdown below the 200 Exponential Moving Average (EMA). However, data also reveals that exchanges have seen an outflow of over $8.65 million worth of LINK tokens in the past 24 hours, suggesting potential accumulation. These actions by whales and investors reflect individual sentiments during a time of market uncertainty.



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