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4 positive factors supporting Chainlink recovery in April
After six months of continuous decline, a green candle has finally appeared on the chart. However, $LINK is still trading below $10. Many market participants view the current sideways movement as a good opportunity to accumulate positions.
On-chain metrics show notable signals. These indicators clearly form a positive outlook for the coming month.
Activity of large investors in the OTC market
Data from the analytics platform Arkham Intelligence confirms a series of large purchases. These include the acquisition of 217,000 tokens worth $2 million via Cumberland and a deal for 83,000 tokens worth $800,000 on Binance. Additionally, one institutional investor purchased 384,000 $LINK, valued at approximately $3.49 million. The transaction was conducted through B2C2 Group and Galaxy Digital.
Statistics from Santiment show a strong upward trend. The number of wallets holding more than 1,000 tokens reached 25,420 — the highest level since December 2025. This indicates that mid-sized and large holders prefer accumulation rather than selling.
Experts note the return of significant capital into the network in anticipation of a future price breakout. Price stability combined with an increase in the number of addresses is considered a classic indicator. It usually signals hidden buying pressure.
Inflows of institutional capital into exchange-traded funds
Traditional financial products are also showing increased interest in the ecosystem. In March 2026, spot ETFs based on this asset in the U.S. set a new record for net assets, now totaling $93.74 million. Data from SosoValue confirms continuous growth since early February. The chart shows a steep upward trajectory throughout the past month.
Weekly net inflows remain consistently positive. The industry has not recorded a single negative week during the reporting period. This trend confirms sustained strong institutional demand for these instruments.
Chainlink ($LINK): number of wallets holding at least 1,000 $LINK. Source: Santiment
Additionally, CryptoQuant data shows a steady decline in available reserves on exchanges. The current balance has dropped to 127.3 million $LINK. Lower supply combined with growing accumulation creates a solid foundation for a potential upward move.
Total net inflows into spot ETFs for $LINK. Source: SosoValue
Technical outlook and broader market risks
From a technical perspective, price action is approaching a critical point. Charts show that the price is in its most important support zone since 2019. Holding this level could lead to a major shift in market structure.
Chainlink reserves on exchanges. Source: CryptoQuant
Historically, such long-term bases often generate strong upward momentum. The combination of strong support, accumulation by large players, and reduced supply deserves close attention from traders.
Chainlink ($LINK) trend support line. Source: TradingView
At the same time, the digital asset sector remains highly unpredictable. Recent reports indicate an 85% drop in altcoin trading volumes amid macroeconomic uncertainty. Capital is currently flowing into Bitcoin. Therefore, the upside potential of individual tokens may be limited. Cautious market sentiment continues to put pressure on the entire industry.
See also: "Bitcoin whale activity drops to 2023 lows — Santiment"
