#数字货币市场洞察 $LINK Spot Market Deep Dive | 2025.12.8

**Market Status: Games in the Pullback**
LINK price has slipped from a high of $14.11 to $13.57. On the surface, it looks like technical weakness combined with retail profit-taking, but signals of institutional entry and whale accumulation are telling another story.

**Three Signals You Can't Ignore:**

**Institutions Are In**
Grayscale just launched the first-ever spot LINK ETF product line in the US. What does this mean? The entry channel for traditional funds has been opened—no longer just a small circle game.

**Smart Money Is Accumulating**
On-chain data shows that whales have recently accumulated over 22 million LINK—and their entry price is even higher than the current market price. Such contrarian buying is a clear bet on the medium-to-long-term trend.

**Fundamentals Are Intact**
LINK’s dominance in the oracle sector remains solid, and the new tokenomics model continues to capture value. Some analysts have directly set a long-term price target of $100-$150.

**But There Are Plenty of Short-Term Troubles:**

Technical indicators are flashing warnings: MACD death cross, RSI(6) approaching oversold territory, strong bearish sentiment.

Retail investors and whales are moving in opposite directions. The former are selling off under profit-taking and long liquidation pressure, with visible lack of buying confidence.

Key support levels are on shaky ground—if they don’t hold, we may see a test of $12.7 or even a deeper $8 support zone.

**The Current Dilemma:**
Long-term logic is solid, and smart money is positioning; but short-term sentiment and technicals are bearish. In this split scenario, which side are you on?

Continue tracking on-chain anomalies and key market turning points.