Chainlink [LINK] recorded a fresh $2.65 million spot outflow, at press time, extending the persistent trend of exchange exits displayed on the inflow/outflow chart.
This consistent pattern signals that traders continue removing tokens from exchanges, which usually indicates accumulation pressure rather than liquidation interest.
Besides, these outflows form near the same zone where price recently reacted, creating stronger alignment around demand.
However, LINK must still show more follow-through before bulls tighten control. Market participants monitor whether shrinking supply accelerates buyer confidence as liquidity thins.
Even so, deeper outflows help establish a foundation for potential recovery if buyers continue defending this region while avoiding aggressive inflows.
Taker Buy CVD dominance shows buyers absorbing supply
The Taker Buy CVD chart highlights steady buyer aggression, as buy-side takers consistently absorb sell orders across the 90-day window.
This behavior strengthens confidence because buyers step in each time the price retests the demand boundary.
Furthermore, the CVD trend aligns closely with the spot outflow footprint, reinforcing the narrative of accumulation. However, sellers still attempt to pressure the market during local pullbacks, though buyers respond quickly.
Consequently, this resilience helps stabilize price action around the developing double-bottom structure.
If this dominance continues, LINK may gain enough momentum to approach the next liquidity cluster and challenge the overhead resistance level near $13.49.
Source: CryptoQuant
Chainlink whale orders rise as ETF excitement builds
The Spot Average Order Size indicator reveals larger executed trades, signaling whale participation returning near the reaction zone. This aligns with repeated sharp buys observed after price dips into the highlighted demand area.
Additionally, increased whale activity typically strengthens rebound potential because larger buyers often step in early during accumulation phases.
However, strong confirmation still depends on sustained follow-through rather than isolated large orders. Even so, the presence of whales during sensitive levels increases the probability of stability.
As Grayscale’s ETF launch approaches, whales appear to position early, creating a supportive backdrop for price as market anticipation intensifies.
Source: CryptoQuant
Decoding LINK’s double-bottom pattern
Chainlink continues forming the early stages of a potential double-bottom pattern, as the second reaction begins to develop near the same accumulation zone shown on the chart.
This structure often signals trend exhaustion, and LINK shows signs of slowing bearish pressure. However, the second rebound still requires confirmation before traders target higher levels.
The zone between $11.50 and $12.20 remains the primary defense, and market behavior strengthens when buyers continue absorbing liquidity around it.
Furthermore, the demand zone aligns with whale activity and outflows, enhancing its importance. If LINK reacts strongly from here, the path toward $13.49 may open quickly.
Source: TradingView
ETF catalyst introduces a new bullish narrative
Grayscale’s upcoming conversion of its Chainlink trust into a spot ETF adds a significant catalyst at a sensitive market moment.
This shift introduces new institutional exposure, and many traders anticipate heightened demand due to easier market access.
Moreover, ETF approval tends to attract emotionally driven inflows from investors responding to sentiment rather than pure price levels.
However, the ETF alone cannot sustain momentum without strong technical support beneath it, which the demand zone currently provides.
Nevertheless, the catalyst strengthens bullish expectations and aligns with on-chain accumulation signals that already form around the developing double-bottom structure.
Is a rebound now in sight for Chainlink?
Chainlink shows several strengthening signals. Deepening outflows, dominant Taker Buy CVD, and rising whale order sizes all support early accumulation interest.
The developing double-bottom at the demand zone also adds structure to the recovery setup. Additionally, the ETF catalyst brings fresh momentum to the market. These combined factors point toward a growing rebound possibility if buyers continue protecting this zone.
Final Thoughts
- Chainlink’s deepening outflows, strong buyer aggression, and whale activity highlight growing accumulation pressure at key support.
- With the ETF catalyst adding momentum, LINK appears poised for a rebound toward the $13.49 resistance if buyers hold firm.
Source: https://ambcrypto.com/chainlink-how-this-demand-zone-could-send-link-past-13/
