This afternoon, a major movement reoccurred on the chain. Wallet "0x2a42" has been transferring large amounts of funds from a major exchange over the past two days, with a single transfer of 87,000 LINK, worth millions of dollars. Even more outrageous is that this address has accumulated nearly 290,000 LINK in just 48 hours, with a total value of $3 million.

But this is far from the whole story. During the same period, another whale "0xEC7B" operated even more aggressively—swallowing 470,000 LINK in two days, with a total investment of over 57 million RMB. This is no small matter; real money speaks volumes.

From on-chain monitoring data, what do these large withdrawals and accumulations usually indicate? Institutions and big players wouldn't spend so much money without reason. They either see fundamental support or have sniffed out a market turning point in advance. Such levels of accumulation often trigger chain reactions—retail investor sentiment follows, liquidity tightens, and bullish expectations gradually build.

The technical perspective also aligns with this signal. Key support levels are approaching, and once broken upward, it could easily trigger follow-up buying. How things develop next depends on when these whales start releasing their chips.