LINK encountered resistance at $14.9 and pulled back. Even though whales aggressively bought $22 million, they couldn't stop the retail selling pressure.
[Crypto World] LINK just can’t seem to break above the $14.9 mark lately; instead, it pulled back 4.15% to $13.63. Interestingly, on-chain data shows that whales are aggressively accumulating—one whale directly bought 1.62 million LINK, investing $22.01 million and now holding a total of 2.18 million tokens.
But here’s the problem: retail selling pressure is too strong. Over the past three days, there have been 780,000 more LINK sold than bought, and this selling volume has completely offset the whale’s buying action. According to momentum indicators, sellers are still in control.
The situation is a bit delicate right now: if whales keep accumulating and manage to push through the $14 barrier, there might be some hope; but if they can’t hold the line, the next major support is likely around $12.7. It’s really hard to say who will come out on top in this tug-of-war between retail investors and whales.
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WalletDivorcer
· 17h ago
Retail selling pressure is so intense that even big players can't do anything... This is the power of the "chives" (retail investors).
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DegenDreamer
· 12-07 19:15
Even massive whale buying can't stop it, which shows that retail investors really aren't backing down.
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MetaMisery
· 12-06 13:49
Even whale buying can't withstand the retail investors' selling pressure. What does this mean... Retail investor sentiment has really collapsed.
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MagicBean
· 12-06 13:49
Retail investors dumped again, what’s the use of whales buying aggressively?
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GateUser-1a2ed0b9
· 12-06 13:48
Retail investors are still too inexperienced. Even big players sweeping the market can't withstand the selling pressure. What does that tell you... No one is optimistic.
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WalletsWatcher
· 12-06 13:47
The selling pressure from retail investors is too strong, even the whales can't hold up.
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YieldWhisperer
· 12-06 13:32
whale accumulation means nothing if tokenomics are broken underneath... lemme check the actual sell pressure math real quick
LINK encountered resistance at $14.9 and pulled back. Even though whales aggressively bought $22 million, they couldn't stop the retail selling pressure.
[Crypto World] LINK just can’t seem to break above the $14.9 mark lately; instead, it pulled back 4.15% to $13.63. Interestingly, on-chain data shows that whales are aggressively accumulating—one whale directly bought 1.62 million LINK, investing $22.01 million and now holding a total of 2.18 million tokens.
But here’s the problem: retail selling pressure is too strong. Over the past three days, there have been 780,000 more LINK sold than bought, and this selling volume has completely offset the whale’s buying action. According to momentum indicators, sellers are still in control.
The situation is a bit delicate right now: if whales keep accumulating and manage to push through the $14 barrier, there might be some hope; but if they can’t hold the line, the next major support is likely around $12.7. It’s really hard to say who will come out on top in this tug-of-war between retail investors and whales.