Suspected Whale Withdraws 320,000 LINK ($7.17M) — Monitor for Follow‑Through
I noticed a suspected entity withdrew more than 320,000 LINK (~$7.17M) from a centralized exchange after about one month of dormancy.
I view this as a meaningful liquidity shift: removing that volume from exchange custody can reduce near-term sell pressure, but the unknown counterparty makes the intent ambiguous — it could be accumulation, consolidation, or an OTC preparation.
I’m monitoring on-chain destination labels, further exchange outflows, and order-book activity before taking a position; for now I’m watching for follow-through.
Analysis
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