The technical structure of Chainlink<\/a><\/strong> has undergone a radical shift coinciding with the launch of the ETF<\/strong>. The token<\/a> has broken out of a descending channel that had been compressing it for a month, a signal that technical analysts were monitoring closely. This breakout could serve as a launchpad toward all-time highs<\/strong>, especially if institutional flows through GLNK<\/strong> remain sustained.<\/p>\n\n\n\n But what’s really intriguing the market is the behavior of large addresses. Lookonchain has identified 39 new wallets<\/strong> that have withdrawn 9.94 million LINK<\/strong> from Binance<\/a><\/strong> since October, worth approximately $188 million<\/strong>. This massive accumulation during the market correction reveals strong conviction among large holders.<\/p>\n\n\n\n Not all large investors are swimming in profits, however. OnchainLens spotted a particularly unlucky whale that accumulated 2.33 million LINK<\/strong> over six months for $38.86 million<\/strong>. This position is now showing an unrealized loss of $10.5 million<\/strong>. A brutal reminder that even strategic accumulation carries major risks, especially for those who entered near local tops.<\/p>\n\n\n\n