Chainlink whales and ETFs keep accumulating LINK despite broader crypto losses and falling market prices this month.
Crypto markets opened the week under pressure as broad selling returned across major digital assets. Despite falling prices, on-chain data showed steady accumulation activity around Chainlink during the decline.
Whale Accumulation Emerges During Market Weakness
Data shared by Santiment showed sustained accumulation by large Chainlink holders since early November. The top 100 Chainlink wallets added more than 20.46M LINK during the period. The accumulated tokens were valued near $263 million at current market prices.
Santiment data showed accumulation resumed after reduced activity during late October. This behavior occurred while most altcoins moved lower alongside Bitcoin. Large wallets increased balances during price weakness rather than during rallies. On-chain metrics also showed declining exchange balances for LINK during the same timeframe.
Lower exchange balances often reflect reduced near-term selling activity. Santiment reported that whale activity remained consistent even as volatility increased. The data provider noted that accumulation coincided with broader market liquidation events.
ETF Inflows Provide Additional Market Context
Separate data from Altcoin Buzz reported continued inflows into Chainlink-linked exchange traded products. Altcoin Buzz stated that LINK ETFs recorded net inflows of 2.02 million dollars on the previous day.
Still not a single day of outflows for $LINK ETFs.
Chainlink ETFs saw $2.02M in net inflows yesterday. 🚀 pic.twitter.com/5Ji4PFA8Hd
— Altcoin Buzz (@Altcoinbuzzio) December 16, 2025
The report also noted no single day of outflows during the recent tracking period. This pattern contrasted with outflows seen across several other altcoin investment products. ETF activity suggested institutional exposure remained stable during market declines. Such products allow regulated access without direct token custody.
Market observers tracked ETF flows as a measure of institutional participation. Altcoin Buzz indicated that inflows persisted despite falling spot prices. While ETF volumes remained modest, consistency drew attention during market stress. Institutional products often move slower than retail-driven spot markets.
Chainlink Price Action Reflects Broader Market Pressure
Chainlink price declined alongside the broader crypto market selloff. Chainlink fell from recent local highs near $13.68 toward the $12.70 range. Technical charts showed a breakdown below short-term support near $13.23. Price action followed Bitcoin movements during the same period. Momentum indicators reflected reduced selling pressure on shorter timeframes.
RSI moved toward lower thresholds during the decline. Analysts observed interim support forming between $12.50 and $12.80. This range previously acted as a consolidation zone in earlier cycles. Failure to hold this area could expose downside toward $11.50.Â
Lower targets near $10 remained visible on higher timeframe charts. Despite weakness, volatility remained lower than many comparable altcoins. Chainlink historically shows reduced swings during periods of market stress.
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Long-Term Structure and Adoption Trends Remain Visible
Chainlink continues to function as a core oracle network for decentralized applications. Its services support price feeds, data verification, and cross-chain communication. The Cross Chain Interoperability Protocol expanded connections across more than 50 blockchains. The reported transfer volume through CCIP surpassed $2.2 billion.
Enterprise testing also continued across tokenized assets and financial data feeds. Such use cases rely on reliable data delivery across networks. On-chain data showed declining exchange reserves reaching multi-year lows. Lower reserves often correlate with longer holding periods. Retail participation remained limited compared with earlier market cycles.
Trading volumes increased during declines but lacked sustained upward momentum. Market data suggested LINK remained in a consolidation phase rather than a trend reversal. Price stability contrasted with heavier losses across smaller capitalization tokens. These conditions framed Chainlink activity during the latest market downturn.