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320k LINK Withdrawal After Dormancy — Monitor for Accumulation or Sale

I note a suspected entity withdrew over 320,000 LINK (~$7.17M) from a centralized exchange after about one month of dormancy. That move reduces on-exchange supply and could indicate accumulation into cold storage or preparation for a large off‑exchange sale.

I remain cautious: the intent is unclear without further on‑chain activity. I will monitor subsequent transfers, exchange inflows/outflows, and order‑book behavior for confirmation before revising my view.

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Analysis

The withdrawal meaningfully lowers exchange-held LINK, which is mildly bullish if the coins move to cold storage. However, absent clear wallet labeling or follow-up transfers, it could also precede OT...

Recommendation

Watch the withdrawing wallet and exchange balance changes closely. Avoid initiating large positions until follow‑through confirms accumulation or distribution; consider small exposure or waiting for c...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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