Chainlink Rally Cools as Whales Exit and Exchanges Fill
Chainlink (LINK)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Chainlink’s 95% rally from $7 to $13.77 is showing signs of fatigue. Analyst Ali Martinez identified a sell signal from the TD Sequential on the weekly chart, suggesting profit-taking may be underway. Large holder activity has cooled sharply, with transactions over $1 million dropping from 59 to 10 between the previous two weeks and September 7.
Simultaneously, exchange balances rose from 269.25 million to approximately 271 million LINK as 1.75 million tokens moved onto exchanges. Despite these cautionary signals, the broader setup remains constructive because LINK closed above the $10.87 higher-timeframe level. Crypto Patel notes this level keeps the bullish outlook intact with targets of $50 and $100.
Michaël van de Poppe expects a strong continuation toward a $14.50-15 target zone, believing LINK will not stall much. Additionally, Charles Schwab is adding Chainlink to its crypto trading service alongside Solana and Avalanche. Wyoming is also expanding Chainlink usage for on-chain visibility into its Frontier Stable Token reserves.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 9 September 2026. Not the outlet's figures.
Whalio data shows LINK trading at $12.52 with a mixed immediate flow profile. The 1-hour buy ratio sits at 40.2% with a negative volume delta of -$186,685, indicating short-term selling pressure. However, the 4-hour buy ratio is higher at 57.5% with a positive volume delta of +$388,939, suggesting buying pressure is building over a slightly longer timeframe. The 24-hour buy ratio is 49.6% with a negative volume delta of -$198,210, showing that net selling has dominated the full day. The CVD for the 24-hour close is -$93,609, confirming that sellers have outweighed buyers over the last day. Spot volume for the period was $27,766,056 across 347,917 trades.
The latest daily buy ratio of 49.4% sits at the 56th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for LINK, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.7%, making the current 24-hour ratio of 49.6% slightly below the weekly norm. Volume for the day was 0.77x the weekly average, indicating a quieter trading session than usual. The coin saw an 11.4% price increase over eight days, with a total volume delta of +$6,158,200 for the period. Net buying occurred on 4 of the 7 days in the preceding week. This suggests that while the immediate 24-hour flow is net negative, the broader weekly trend remains constructive.