In Chainlink news today, a wallet linked to Dutch exchange Bitvavo transferred 3.89 million LINK tokens (~$32.59 million) from Coinbase Prime to a previously dormant address without any previous transactions.
LINK is trading at around $8.33, down a modest -0.5% over the past 24 hours, with a seven-day gain of around 5%. An inactive receiving wallet indicates the possibility of cold storage or preset.
Betfavo (@bitvavocom) He withdrew 3.89 million $link (~$32.59 USD) from Coinbase Prime to a new wallet
Address: 0x638c52e3348C5100bba8CF14E4512A168fE47213 pic.twitter.com/KChlqRQzh6
— Onchain Lens (@OnchainLens) July 20, 2026
Despite the large pullback, it did not result in a significant spike in LINK’s trading volume, indicating an intention to hold rather than sell. LINK’s daily trading volume is $153 million per CoinGecko data.
The move coincides with growing institutional interest in Chainlink’s Cross-Chain Interoperability Protocol (CCIP), raising questions about its importance in the market.
Chainlink News: Can LINK price break $9 this week as accumulation signals build?
From Charter’s report on Monday in @Searchcrypto :
As we saw on Monday in the charts report, Chainlink $link It just gave its second early oversold signal in 4 years.
Last time, this signal marked an area near the 2022 low.
I think a… pic.twitter.com/E8XzrUzFG8
— Paul Cryptoformation (@Paul_Theway) July 18, 2026
CoinGecko pegs LINK at $8.34is down about -0.50% on the day but holds a clean gain of +5.00% over seven days, a deviation from the flat to negative weekly performance seen across most of the altcoin market.
Support has been established in the $7.80-$8.00 range, where buyers have stepped in during the last two pullbacks. Resistance is gathering at $9.00-$9.50, an area corresponding to the previous local highs. LINK has not closed a daily candle above $9 in recent weeks, making this level a functional ceiling until buyers produce a volume-supported breakout.
There are three scenarios that determine the course in the near term:
Taurus condition: The withdrawal of Bitvavo and any subsequent institutional inflows reduces circulating supply on exchanges, softly tightening liquidity and pushing the price towards a test of the $9 resistance, something that could be achieved if broader market sentiment picks up.
Basic case: LINK is consolidating in the $8.00-$8.80 corridor, absorbing on-chain news without a directional catalyst to force a breakout.
bear case: A deterioration in broader risk appetite is putting pressure on LINK back towards the $7.40-$7.60 range, where the realized P&L for new buyers will begin to shift to the downside. Getting $10 back remains the long-term technical thesis Most analysts are watching.
Bitcoin Hyper targets early positioning as the link consolidates below major resistance
With the recent dip in Chainlink news, LINK’s weekly gains of +5% are real, but the math for large-cap assets to recover a meaningful multiple from current levels is structurally constrained; Getting from, say, $8.33 to $25 would require a return to late 2021 conditions. This is a ceiling problem for tokens that early-stage projects don’t share, at least on paper.
Bitcoin Hyper ($HYPER) is a Bitcoin Layer 2 presale centered around a specific technical claim: the first Bitcoin L2 to integrate the Solana Virtual Machine (SVM), targeting the sub-second end and smart contract throughput that the Bitcoin base layer cannot structurally provide.
The project has raised $32,973,148.62 at a current token price of $0.0136834, with the staking mechanism live during the pre-sale window. Features include a decentralized backbone bridge for BTC transfers and low-latency transaction execution; Infrastructure Bets on Bitcoin’s Programming Gap.
Visit the Bitcoin Hyper Presale website here.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Daniel Francis is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel brings his background in cross-chain analytics to author evidence-based reports and detailed guides. It is certified by the Blockchain Council and is dedicated to providing “information gain” that cuts through the market noise to find blockchain’s real-world utility.
