Large LINK Withdrawal Signals Watch: Accumulation or Sale?

I noticed a suspected entity withdrew over 320,000 LINK (~$7.17M) from a centralized exchange after roughly one month of dormancy. That kind of movement often signals either long-term accumulation into cold storage or preparation for off-exchange activity.

Given the ambiguity, I’m treating this as a watch signal rather than a clear bullish or bearish trigger. I’ll monitor on-chain flows, subsequent exchange inflows/outflows, and price reaction to determine intent.