Chainlink (LINK) shows a bullish trend, with whales actively redeeming tokens from exchanges. One investor accumulated 342,557 LINK worth $4.8 million within two days, leading to a tightening supply. Meanwhile, LINK confirmed a breakout from the long-term downtrend channel. Spot exchanges continue to see an outflow of approximately $2.26 million, open interest has actively increased to about $673.5 million, and the funding rate remains positive. The convergence of factors such as structural price movement, decreasing seller liquidity, and moderate leverage levels indicates that the market pattern is shifting from contraction to expansion. As long as the price stays above the previous channel resistance level, further gains are expected.