Chainlink Whale Activity Rises as Spot and Futures Sellers Dominate

Chainlink (LINK)’s Whale vs Retail Delta reached 0.594 on Oct. 22 while spot and futures trading indicators remained seller-dominant, putting higher relative whale activity alongside broader selling pressure.

The indicator compares whale activity with activity from retail traders. Its latest reading followed a drop toward 0.10, pointing to a larger whale presence relative to retail traders.

Spot Taker CVD and Futures Taker CVD both favored sellers, with market sell orders outweighing aggressive buying. The futures reading also showed no steady buying demand from leveraged traders.

LINK’s weekly recovery from the $8 area stalled at $14.218 before the price pulled back toward $12. The token remained above $12 as of Oct. 22.

On the weekly chart, the MACD line was 0.800, above its 0.433 signal line, while the histogram stood at 0.367. The relative strength index was 54.79, below its 55.43 average.