4 Positive Factors Driving Chainlink (LINK) Recovery in April
Chainlink shows four positive on-chain and institutional factors suggesting potential recovery despite sideways price movement below $10.Summary
Chainlink (LINK) is showing several positive signals suggesting a potential recovery in April, following six months of losses, even though the price remains under $10. The first factor is aggressive accumulation by whales, evidenced by large OTC purchases and a record high in wallets holding at least 1,000 LINK since December 2025, indicating hidden buying pressure. Secondly, institutional capital is flowing in, as US spot LINK ETFs reached a record $93.74 million in total net assets in March, with consistent weekly net inflows. Thirdly, exchange reserves are steadily declining, dropping to 127.3 million LINK, which, combined with accumulation, tightens available supply. Finally, LINK is approaching a critical long-term support zone not seen since 2019, which historically suggests strong recovery potential. However, the article cautions that overall market uncertainty and a drop in altcoin trading volume might limit any upside movement.
(Source：BeInCrypto)