<p>更廣泛的加密市場在恐懼驅動的條件下交易，而 Chainlink 反映了這種風險規避的情緒。由於主要山寨幣的波動性壓縮，散户參與保持低迷，LINK 的價格走勢進入了整合階段。</p>
<p>Chainlink 的總價值保障（TVS）為 460.3 億美元，環比增長 2.43%。該指標表明儘管價格波動較小，但鏈上使用保持穩定。</p>
<p>然而，它並未確認方向性轉變。</p>
<p>Chainlink [LINK] 的交易價格接近 12.5 美元，賣壓在各個交易時段趨於穩定。截至發稿時，買方捍衞了 12.5 美元的支撐區。這一防守阻止了價格立即下探至更低的需求水平。</p>
<h2><strong>楔形突破後動能停滯</strong></h2>
<p>Chainlink 早些時候在日線圖上突破了一個下行楔形。突破將市場結構從下跌轉變為整合。</p>
<p>然而，突破後的跟進買入仍然有限。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/LINKUSD_2025-12-21_09-29-36.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/LINKUSD_2025-12-21_09-29-36.png"/></p>
<p>來源：TradingView</p>
<p>動能指標突顯出短期疲軟。日線 MACD 出現死亡交叉，反映出看跌動能。相對強弱指數（RSI）也形成了看跌背離，顯示出買方疲憊。</p>
<h2><strong>鯨魚活動集中在 Binance</strong></h2>
<p>鯨魚追蹤顯示出顯著的交易所提款。</p>
<p>在 12 月 20 日，一個新創建的錢包從 Binance 提取了 199,520 LINK，價值約 249 萬美元。轉賬發生在 LINK 在支撐位附近橫盤時。</p>
<p>第二天，同一個錢包又提取了 246,259 LINK，價值 308 萬美元。在這兩筆交易後，該錢包持有 445,779 LINK。</p>
<h2><strong>交易所流出反映早期積累階段</strong></h2>
<p>CryptoQuant 的交易所數據指出，交易所上的 LINK 供應量在下降。這種流出在歷史上與積累階段而非分發階段相一致。</p>
<p>這種行為與恐慌驅動的存款激增形成對比。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Chainlink-Exchange-Outflow-Total-All-Exchanges.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Chainlink-Exchange-Outflow-Total-All-Exchanges.png"/></p>
<p>來源：CryptoQuant</p>
<p>在 2019 年至 2020 年期間，類似的交易所流出模式在 2021 年擴張前被觀察到。在 2022 年至 2023 年期間，類似的結構再次出現，隨後是 2024 年的反彈。在 2025 年，交易所流出行為與之前的兩個階段相呼應。</p>
<h2><strong>在散户謹慎的情況下，LINK 能否保持關鍵支撐？</strong></h2>
<p>12 至 12.5 美元區間作為關鍵結構支撐。多頭需要保持該區域以維持整合結構。</p>
<p>失敗將面臨滑向 9 至 10 美元需求區的風險。</p>
<p>在上行方面，27 美元仍然是一個主要的阻力位。乾淨突破該水平將打開通往區間高點的大門。</p>
<p>在此之前，價格走勢更傾向於整合而非擴張。</p>
<hr/>
<h2>最終思考</h2>
<ul>
<li><em>Chainlink 的價格走勢反映了謹慎，但潛在流動表明的是佈局而非恐慌。</em></li>
<li><em>如果支撐繼續保持，整合階段可能作為一個準備階段，而不是破裂信號。</em></li>
</ul>
<hr/>

<p>Chainlink (LINK) 交易價格接近 $12.5，市場情緒恐慌，散户參與度低，波動性小。儘管鏈上使用保持穩定，但動量指標顯示短期疲軟。Binance 上的鯨魚活動表明是在積累，而非恐慌。$12-$12.5 區間是關鍵支撐位，$27 是主要阻力位。如果支撐位保持，盤整可能會導致未來的擴張</p>

<p>The broader crypto market traded under fear-driven conditions, and Chainlink reflected that risk-off tone. Retail participation stayed muted as volatility compressed across major altcoins, slowing LINK’s price action into consolidation.</p>
<div class="lb-trans"><p>更廣泛的加密市場在恐懼驅動的條件下交易，而 Chainlink 反映了這種風險規避的情緒。由於主要山寨幣的波動性壓縮，散户參與保持低迷，LINK 的價格走勢進入了整合階段。</p>
</div><p>Chainlink’s Total Value Secured (TVS) stood at $46.03 billion, up 2.43% month-over-month. The metric suggested steady on-chain usage despite muted price movement.</p>
<div class="lb-trans"><p>Chainlink 的總價值保障（TVS）為 460.3 億美元，環比增長 2.43%。該指標表明儘管價格波動較小，但鏈上使用保持穩定。</p>
</div><p>However, it did not confirm a directional shift.</p>
<div class="lb-trans"><p>然而，它並未確認方向性轉變。</p>
</div><p>Chainlink [LINK] traded near $12.5 as selling pressure stabilized across sessions. As of press time, buyers defended the $12.5 support zone. That defense prevented an immediate move into lower demand levels.</p>
<div class="lb-trans"><p>Chainlink [LINK] 的交易價格接近 12.5 美元，賣壓在各個交易時段趨於穩定。截至發稿時，買方捍衞了 12.5 美元的支撐區。這一防守阻止了價格立即下探至更低的需求水平。</p>
</div><h2><strong>Momentum stalled after wedge breakout</strong></h2>
<div class="lb-trans"><h2><strong>楔形突破後動能停滯</strong></h2>
</div><p>Chainlink had earlier broken out of a falling wedge on the daily time frame. The breakout shifted the market structure from decline into consolidation.</p>
<div class="lb-trans"><p>Chainlink 早些時候在日線圖上突破了一個下行楔形。突破將市場結構從下跌轉變為整合。</p>
</div><p>However, follow-through buying remained limited after the move.</p>
<div class="lb-trans"><p>然而，突破後的跟進買入仍然有限。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/LINKUSD_2025-12-21_09-29-36.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/12/LINKUSD_2025-12-21_09-29-36.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>來源：TradingView</p>
</div><p>Momentum indicators highlighted short-term weakness. The daily MACD printed a death cross, reflecting bearish momentum. RSI also formed a bearish divergence, signaling buyer exhaustion.</p>
<div class="lb-trans"><p>動能指標突顯出短期疲軟。日線 MACD 出現死亡交叉，反映出看跌動能。相對強弱指數（RSI）也形成了看跌背離，顯示出買方疲憊。</p>
</div><h2><strong>Whale activity concentrated on Binance</strong></h2>
<div class="lb-trans"><h2><strong>鯨魚活動集中在 Binance</strong></h2>
</div><p>Whale tracking showed notable exchange withdrawals.</p>
<div class="lb-trans"><p>鯨魚追蹤顯示出顯著的交易所提款。</p>
</div><p>On the 20th of December, a newly created wallet withdrew 199,520 LINK from Binance, worth about $2.49 million. The transfer occurred while LINK moved sideways near support.</p>
<div class="lb-trans"><p>在 12 月 20 日，一個新創建的錢包從 Binance 提取了 199,520 LINK，價值約 249 萬美元。轉賬發生在 LINK 在支撐位附近橫盤時。</p>
</div><p>The next day, the same wallet withdrew another 246,259 LINK, valued at $3.08 million. After both transactions, the wallet held 445,779 LINK.</p>
<div class="lb-trans"><p>第二天，同一個錢包又提取了 246,259 LINK，價值 308 萬美元。在這兩筆交易後，該錢包持有 445,779 LINK。</p>
</div><h2><strong>Exchange outflows echoed earlier accumulation phases</strong></h2>
<div class="lb-trans"><h2><strong>交易所流出反映早期積累階段</strong></h2>
</div><p>CryptoQuant exchange data pointed to declining LINK supply on exchanges. Such outflows are historically aligned with accumulation rather than distribution phases.</p>
<div class="lb-trans"><p>CryptoQuant 的交易所數據指出，交易所上的 LINK 供應量在下降。這種流出在歷史上與積累階段而非分發階段相一致。</p>
</div><p>This behavior contrasted with panic-driven deposit spikes.</p>
<div class="lb-trans"><p>這種行為與恐慌驅動的存款激增形成對比。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Chainlink-Exchange-Outflow-Total-All-Exchanges.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/12/Chainlink-Exchange-Outflow-Total-All-Exchanges.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>During 2019–2020, similar exchange outflow patterns were observed ahead of the 2021 expansion. A similar structure appeared again during the 2022–2023 period, before the 2024 rally. In 2025, exchange outflow behavior rhymed with both prior phases.</p>
<div class="lb-trans"><p>在 2019 年至 2020 年期間，類似的交易所流出模式在 2021 年擴張前被觀察到。在 2022 年至 2023 年期間，類似的結構再次出現，隨後是 2024 年的反彈。在 2025 年，交易所流出行為與之前的兩個階段相呼應。</p>
</div><h2><strong>Can LINK hold KEY support amid retail caution?</strong></h2>
<div class="lb-trans"><h2><strong>在散户謹慎的情況下，LINK 能否保持關鍵支撐？</strong></h2>
</div><p>The $12–$12.5 zone acted as a critical structural support. Bulls needed to hold this area to preserve the consolidation structure.</p>
<div class="lb-trans"><p>12 至 12.5 美元區間作為關鍵結構支撐。多頭需要保持該區域以維持整合結構。</p>
</div><p>Failure risked a slide toward the $9–$10 demand zone.</p>
<div class="lb-trans"><p>失敗將面臨滑向 9 至 10 美元需求區的風險。</p>
</div><p>On the upside, $27 remained a major resistance barrier. A clean break above that level opened the door to range highs.</p>
<div class="lb-trans"><p>在上行方面，27 美元仍然是一個主要的阻力位。乾淨突破該水平將打開通往區間高點的大門。</p>
</div><p>Until then, price action favored consolidation over expansion.</p>
<div class="lb-trans"><p>在此之前，價格走勢更傾向於整合而非擴張。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最終思考</h2>
</div><ul>
<li><em>Chainlink’s price action reflected caution, but underlying flows suggested positioning rather than panic.</em></li>
<li><em>If support continues to hold, the consolidation phase may act as a staging ground rather than a breakdown signal.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>Chainlink 的價格走勢反映了謹慎，但潛在流動表明的是佈局而非恐慌。</em></li>
<li><em>如果支撐繼續保持，整合階段可能作為一個準備階段，而不是破裂信號。</em></li>
</ul>
</div><hr/>
<div class="lb-trans"><hr/>
</div>

Chainlink 在恐慌中維持在 12.5 美元——LINK 能否避免更深的下跌？