Chainlink (LINK) Attracts Whale Attention: Is This the Beginning of a New Bull Wave? (10/22/25)

Jakarta, Pintu News – The altcoin market is currently showing increased interest in Chainlink (LINK), with strong indications that large wallets are starting to accumulate this asset intensively. Based on on-chain data, technical analysis, and sentiment indicators, LINK may be entering a new bullish cycle that could potentially outperform Bitcoin (BTC) in the near future. However, is this the start of a super wave or just the flash before a bigger storm?

Large Fund Flows and On-Chain Indicators Show Positive Signals

In the past 30 days, Chainlink’s (LINK) development activity and network engagement has increased significantly. Data from Santiment shows that Chainlink is among the 10 Real World Asset (RWA) projects with the highest development activity. This confirms the importance of the network in the RWA ecosystem, where the need for off-chain data and oracle solutions is increasingly pressing.

On-chain data from Santiment also shows that LINK’s 30-day MVRV ratio fell below -5% on October 17, 2025, which is often considered the “ideal accumulation zone”. At this phase, most short-term investors incur losses, which historically has often been the time when whales start accumulating. LINK has recently recorded several large-scale accumulation transactions.

LINK’s withdrawal from exchanges is often interpreted as a sign of long-term storage. Although LINK’s price recently dropped to the $16-$17 range, it managed to hold the $18 support level. According to other analysts, if the price can break above $20, the overall market sentiment could quickly turn bullish.

Read More: Bitcoin (BTC) Price Prediction: Influenced by the Fed’s Interest Rate Decision on October 29, 2025

Expert Insights: New Bull Cycle or Hype Effect?

Some technical analysts, such as Daan, point out that Chainlink has repeatedly outperformed the altcoin index (TOTAL2) during strong market rallies since 2021. Whenever a similar accumulation pattern emerges, LINK is often one of the first tokens to lead the next wave. Michaël van de Poppe, who shares similar views, notes that the price structure of LINK/BTC shows signs of a major breakout to come.

Currently, three main factors seem to be converging to create a potential bullish scenario for LINK. First is whale accumulation, which signals increasing long-term confidence. Secondly, the strong on-chain foundation and Chainlink’s growing role in RWA applications provides sustained demand for the token. Third, a positive technical setup with strong support zones and a strongly negative MVRV ratio indicates a possible price reversal.

Altcoin Market Still Depends on Bitcoin

Despite the positive signals, the altcoin market is still highly dependent on the overall trend of Bitcoin (BTC). If BTC experiences a sharp decline, LINK is also likely to be affected. Moreover, optimistic projections such as LINK reaching $100 are still speculative, relying heavily on the overall liquidity and capital flows across the crypto market.

Conclusion

With various indicators in its favor, Chainlink (LINK) seems to be gearing up for a new phase of growth. However, investors should remain alert to broader market dynamics that could affect all crypto assets, including LINK. Monitoring closely will provide further insight into whether this is indeed the start of a bullish wave or just a temporary upswing.

Read More: Ethereum Price Prediction: Here’s the Long-Term & Short-Term Bullish Potential

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Whales Are Back: Chainlink (LINK) Enters Ideal Accumulation Zone. Accessed on October 23, 2025