Forget the crypto winter whispers; some Chainlink investors are playing the long, cool game, says Glassnode.
While Bitcoin and the broader crypto market still feel the chill, blockchain analytics firm Glassnode has pinpointed crucial price levels for Chainlink (LINK) and what they reveal about investor strategy.
According to Glassnode’s analysis, $14.6 and $16 are the magic numbers for LINK. These aren’t meme-driven pump levels; they are zones where long-term, strategic players put their money down. The activity at these prices suggests serious conviction.
Zooming into the $16 mark, Glassnode notes buyers stepped in when prices corrected from $29 to $19 in December 2024, and again when it dipped to $18 in February 2025. These aren’t day traders; these are investors who bought the dip with a plan and are likely sitting tight, unfazed by short-term volatility.
The $14.6 level tells a similar story, albeit with fewer but more deliberate buys. Purchases happened even at higher prices in December 2024 and January 2025, followed by significant accumulation after a drop to $12 in mid-March. These investors are in no rush for instant riches, demonstrating a patient, long-haul approach.
Glassnode concludes that the $16 investors are playing chess, making strategic moves with high confidence in sustained prices and long-term growth. Meanwhile, those at $14.6 are the marathon runners of crypto, valuing long-term gains over a quick sprint to profit.