Institutional demand for Chainlink (LINK) has intensified as major players expand their holdings, absorbing available supply despite a recent price pullback. Grayscale’s LINK ETF received 203,810 tokens worth $2.38 million from Coinbase Prime, adding to a 1.05 million LINK accumulation over 18 days. Bitwise also purchased 163,664 LINK, bringing its total holdings to 3.964 million at an average cost near $9.96. Chainlink’s strategic reserve added another 91,100 LINK, raising its 30-day total to 511,000 tokens. Whale versus retail activity remains tilted toward accumulation, with a positive delta of 0.36. LINK currently stabilizes above the key $11 support level.
Institutional accumulation around Chainlink strengthened as institutions expanded their LINK holdings, absorbing available supply. Grayscale extended its accumulation activity after its LINK ETF received another 203,810 LINK worth $2.38 million from Coinbase Prime, as stated on X. Over 18 days, the ETF received around 1.05 million LINK, valued at approximately $12.12 million.
Bitwise continued the trend by purchasing another 163,664 LINK, worth roughly $1.91 million, reported on X. The institution remained a consistent buyer during the prior two weeks. Its total holdings hit 3.964 million LINK, with an average acquisition price of roughly $9.96.
Chainlink’s strategic reserve added another 91,100 LINK, valued at about $1.06 million. The purchase increased the 30-day accumulation reserve to 511,000 LINK, worth approximately $5.52 million. Total reserve holdings reached 5.86 million LINK, nearly $67.24 million.
ETF activity also strengthened the broader demand outlook. Chainlink ETFs attracted $4.27 million in investor capital during the latest session, according to data. Weekly ETF inflows hit $5.36 million, and the products hold about 2.1% of LINK’s supply with only two lifetime outflow days.
Large-holder activity reinforced the institutional trend during LINK’s recent pullback. CoinGlass analytics show Chainlink’s Whale versus Retail Delta registered a positive 0.36, meaning whale activity remained elevated relative to retail participation. This positioning aligned with purchases from Grayscale, Bitwise, and the strategic reserve.
LINK stabilized around $11.50 after retreating from its $13.70 swing high. It remained above the key $11 support level but had lost its ascending trendline. The RSI indicator retreated to 52.64 from overbought levels, with its average signal at 62.00, suggesting weak buying strength during the correction. However, holding $11 could encourage buyers to target $13.12 before challenging $13.70 again.
