NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Despite 50% Drop From $20 Highs, Chainlink Whales Remain Bullish

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink (LINK) has undergone a strong rally since the lows set in September. The price of the leading cryptocurrency currently trades for $11.50. LINK is up 3% in the past 24 hours, outperforming Bitcoin, XRP, Binance Coin, and a series of other top altcoins.

Even still, LINK is trading just under 50% below its all-time high above $20. On-chain data shows that investors in Chainlink remain extremely bullish, as they are accumulating the coin en-masse.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Chainlink (LINK) Investors Bullish, On-Chain Data Shows

According to blockchain analytics firm Santiment, a blockchain data and analytics firm, the leading cryptocurrency is still being accumulated en-masse.

The firm noted on October 30th that Chainlink’s top 100 non-exchange/contract addresses have accumulated 34.32 million LINK over the past year alone. This number has begun to taper off slightly but is still up massively over recent months.

“If this isn’t the depiction of steady accumulation for #Chainlink’s top 100 non-exchange whales in the past year, we don’t know what is. $LINK’s offline increase in tokens at this rate truly shows confidence in the asset from those with most at stake.”

🐳🔗 If this isn't the depiction of steady accumulation for #Chainlink's top 100 non-exchange whales in the past year, we don't know what is. $LINK's offline increase in tokens at this rate truly shows confidence in the asset from those with most at stake. https://t.co/8we3ZGkAy9 pic.twitter.com/0aUYFvklSC

— Santiment (@santimentfeed) October 31, 2020

Chainlink is still down 5% in the past week, though, following a majority of other altcoins. Bitcoin’s rapid ascent has left many altcoins stranded as all capital and attention is focused on the leading cryptocurrency.

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

New Products and Partnerships

Chainlink’s Verifiable Random Function (VRF) product has seen a number of integrations over recent weeks. VRF is a “provably-fair and verifiable source of randomness designed for smart contracts” that allows developers to bypass sometimes questionable oracles that service lottery-based or randomized smart contract systems. Chainlink VRF was recently integrated into PoolTogether, a “no-loss” DeFi lottery system built on Ethereum.

Also, Genesis Volatility, a premier crypto derivatives data provider, has begun to run its own Chainlink node. Announcing this move, the Chainlink team wrote:

“Crypto-derivatives data provider  @GenesisVol is running its own #Chainlink node to sell their signed data directly to smart contracts. #DeFi now has access to signed data on volatility, open interest, volume & more when creating derivatives products.”

LINK is likely to follow Bitcoin’s overall trajectory in the weeks ahead. If Bitcoin continues to push higher, the cryptocurrency may continue to consolidate or even push higher.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Despite 50% Drop From $20 Highs, Chainlink Whales Remain Bullish
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

$600 Million Worth Of XRP Tokens Are On The Move, Where Are They Headed?

The XRP community’s attention has been drawn to a $600 million transfer, which has sparked speculation about its potential impact...

Scott Matherson 1 week ago
XRP news Chainlink LINK

Ex-Ripple Dev Explains Why XRP Is 10x The Value Of LINK

A fresh bout of tribal sparring over token valuations broke out on X after CoinRoutes founder Dave Weisberger asked why...

Jake Simmons 2 weeks ago
Chainlink

Chainlink Targets $22 As LINKBTC Shows Signs Of Reversal – Is The Next Rally Close?

CryptoWzrd noted in a fresh update that Chainlink ended the day on a bullish note, with signs pointing to more...

Godspower Owie 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Chainlink

Chainlink Bears Show Strength, But $16 Support Could Flip The Downtrend

Godspower Owie 1 hour ago
Chainlink koers analyse 10 oktober 2025 - de beste crypto investering vandaag?

Chainlink koers analyse 10 oktober 2025 – de beste crypto investering vandaag?

Lars Diederiksen 1 week ago
XRP

XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout

Christian Encila 1 week ago

Premium Sponsors

Press Releases

  • シバコイン 今後はどうなる?価格予測と3日後に終了する注目プレセール

    シバコイン...

    5 minutes ago
  • パイネットワーク 価格 予測:1ドル以下で注目される次世代の有望仮想通貨が投資家の注目を集める

    パイネットワーク 価格...

    18 minutes ago
  • ドージコイン 今後:ナスダック報道後の大規模売却、次の大きな動きの前兆か?

    ドージコイン...

    33 minutes ago
  • リップル 今後:10億ドル規模の新契約でXRPがフォーチュン500企業の決済中枢へ

    リップル...

    42 minutes ago
  • 仮想通貨プレセール残り3日:次世代テレグラムボット型トークンが急上昇の兆し

    ...

    56 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.