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Chainlink (LINK) sees rising whale activity amid selling pressure, price holds above $12 after pullback.

Technical Signals
23 Oct 2026
Tokenpost
View Source
Neutral
Chainlink (LINK) sees rising whale activity amid selling pressure, price holds above $12 after pullback.

Chainlink (LINK) experienced increased whale trading activity relative to retail traders, with the Whale vs Retail Delta reaching 0.594 on October 22. Despite this, both spot and futures markets showed dominant selling pressure, with more sell orders than aggressive buys. LINK's price recovery stalled at $14.218 before retreating to around $12, where it remained stable. Technical indicators suggest moderate momentum with MACD above its signal line and RSI near average, indicating cautious market sentiment going forward.

Chainlink's market cap on Pluang stands at Rp159.11 trillion as of October 24, 2026, 07:21 WIB, with a 24-hour trading volume of Rp4.09 trillion. Despite the article highlighting selling pressure in both spot and futures markets, Pluang data shows a dominant buy order activity at 91%, contrasting the broader market sentiment. LINK trades at Rp213,177 on Pluang, down 1.20% over the past day, while typical holders maintain positions for about 63 days, indicating moderate investor commitment.

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