As we enter the critical FED week for Bitcoin and altcoins, BTC continues its horizontal course between 26,000 and 27,000 dollars.
While the horizontal movement in BTC continued, some altcoins attracted attention with their rise. One of these was Chainlink (LINK), one of the altcoins that whales showed interest in.
At this point, LINK, which has increased by nearly 10% in the last 24 hours, rose to $ 6.66.
This rise came after a wallet deposited 15.7 million LINK worth $97.5 million to Binance.
According to Lookonchain's post, the Chainlink Non Circulated Supply wallet deposited 15.7 million LINK worth $97.5 million to Binance yesterday.
“Chainlink Non Circulated Supply wallet deposited 15.7 million LINK worth $97.5 million to Binance yesterday.
Chainlink Non Circulated Supply wallet has been depositing LINK regularly to Binance every three months since August 26, 2022. So far, he has deposited 71.8 million LINK into Binance, worth a total of $446 million.”
— Lookonchain (@lookonchain) September 17, 2023
“These Levels Are Buying Opportunities!”
In addition, a LINK post was shared by analyst Michael van de Poppe, who is closely followed by investors.
Pointing out that the $6 level is an important buying opportunity for LINK, Poppe said:
“Chainlink is rising to $6.60 after a surprising retest of the $6 low range.
“These levels are still an opportunity of a lifetime for investors.”
#Chainlink is moving up to $6.60 after an amazing retest of the range low at $6.
It's still an opportunity of a lifetime.
— Michaël van de Poppe (@CryptoMichNL) September 18, 2023
LINK continues to trade at $6.52 at the time of writing.
*This is not investment advice.