Chainlink Price Plunges Amidst Whale Exodus: Bearish Setup Emerges

Chainlink is facing a significant bearish trend as major whale sell-offs pressure the cryptocurrency’s price. Recent data shows a notable decline in LINK holdings from 2.59 million to 1.87 million, coinciding with falling support levels and fueling market skepticism. This reduction in whale positions suggests heightened vulnerability for Chainlink to further declines.