Recently, many people have been asking about the prospects of $LINK. So I’ll just summarize my observations.

Since December, large amounts of LINK have been frequently withdrawn from exchanges, and this trend has continued for nearly a month. Such large-scale withdrawals are definitely not typical retail behavior; it looks more like big funds are quietly positioning—moving chips from exchanges to their cold wallets, preparing for long-term holding. In blockchain industry terms, this is whale action, and their stance is very clear.

Looking at the Chainlink project itself, it’s not a vague concept coin. It addresses the fundamental needs of blockchain: how on-chain applications access real-world data. Oracles serve as this bridge. Without them, DeFi ecosystems, RWA markets, and various complex applications would struggle to truly take off.

In terms of ecosystem status, LINK is in the same category as UNI and AAVE—these are foundational infrastructure components that have been repeatedly validated by the market, not concept coins that rely on a hype wave to survive. For blockchain to continue progressing, these elements are indispensable.

It’s also interesting to look at the monthly chart. During the 2022 bear market, LINK oscillated at the bottom for over a year, roughly between $5 and $10. In this bull cycle, LINK has increased 8 times, outperforming 90% of the coins in the market. Currently, the price is around $12. Following this logic, my personal plan is to wait for LINK to pull back below $10 before starting to build a position, then hold long-term, treating it as a foundational infrastructure project.