Chainlink Whales Are Loading Up Quietly, Is LINK Heading to $46?

Chainlink (LINK), a leading blockchain oracle network, has been under pressure for weeks, dropping nearly 7%. But, while LINK trades near its lower range, large investors appear to be buying silently. 

At the same time, long-term charts are showing a familiar pattern that has led to big rallies in the past. Popular crypto analyst Bitcoinsensus hints Link price to hit $46 soon.

Whales Step In as Exchange Supply Drops

Recent on-chain data shows that Chainlink whales are actively withdrawing tokens from exchanges. On 22nd Dec 734,000 LINK tokens worth over $9 million were moved off Binance, a sign of accumulation rather than selling pressure.

At the same time, LINK supply on exchanges has dropped to its lowest level since 2020.

This usually means large holders are not selling. Instead, they are moving coins into private wallets, often a sign of long-term confidence rather than short-term trading.

Chainlink Spot ETF Inflows Rise

Another strong development for Chainlink is the launch of the first U.S. spot Chainlink ETF. Grayscale converted its existing Chainlink Trust into an ETF, now trading on NYSE Arca under the ticker GLNK

So far, the total net inflow has reached about $58.3 million, while net assets under management stand near $74.25 million. 

However, data from SoSoValue shows that around $2 million flowed into Chainlink ETFs on December 22, 2025. This shows steady investor interest, even during periods of low market activity.

Chainlink Price Eyeing $46

Despite rising whale activity and growing ETF interest, Chainlink’s price continues to move sideways around the $12–$12.5 range

Meanwhile, Crypto analyst Bitcoinsensus highlighted that, on the weekly chart, LINK is still trading within a long-term upward channel. At the moment, the price is hovering near the lower boundary of this channel, an area that has repeatedly acted as a strong base during past market cycles.

This time, the long-term chart points toward a possible move near $46.