TLDR:Chainlink consolidates in a 2W triangle, signaling potential breakout toward $22–$50.$26M in LINK exited Binance, reducing liquid supply and indicating accumulation.ETF registry listing raises odds of first-ever spot LINK ETF launch.On-chain flows show whales are moving LINK to cold wallets for long-term holding.Chainlink (LINK) is displaying signs of bullish momentum after consolidating in a tight two-week triangle. At publication, the price sits at $15.62, down 2.97% in 24 hours but up 5.67% over the week, per CoinGecko. Traders are closely monitoring a potential breakout that could unlock price targets at $22, $31, and $50. Meanwhile, data suggests large holders are accumulating LINK, potentially signaling a supply squeeze.ETF Developments and Market Implications for ChainlinkThe listing of Bitwise’s proposed spot Chainlink ETF on the DTCC’s registry has attracted interest across crypto markets. This step increases the likelihood of a LINK ETF launch, which could drive institutional demand. CryptoQuant data shows $26 million in LINK exited Binance over the past week, representing the largest outflow among major altcoins. Such movements often indicate accumulation by large investors transferring assets to cold wallets, reducing liquid supply.Source: CryptoQuantThe ETF news provides a fundamental catalyst, reinforcing the bullish on-chain signals. Traders note that while most altcoins have negligible flows, LINK stands out for its net outflow, a metric commonly associated with potential upward pressure. Reduced exchange supply can limit sell-side liquidity, heightening the chance of price appreciation. Analysts suggest that monitoring continued outflows will be critical for validating this potential trend.Interest in LINK is also reflected in price consolidation patterns, as noted by social media observers. A tight two-week triangle signals momentum buildup, often preceding significant price movement. Technical charts indicate potential resistance levels at $22, $31, and $50, contingent on a successful breakout. Market participants are observing both technical and on-chain data to gauge the next directional move.$LINK is squeezing inside a tight 2W triangle and momentum is building fast. If this breaks, we’re looking at a clean path toward 22, 31, and even 50. This setup is loaded… pic.twitter.com/FrybIf68ci— ARI ZAIM (@Ari_Zaim0) November 13, 2025On-Chain Signals Highlight Accumulation TrendsBinance outflows of LINK coincide with growing speculation around institutional entry. The $26 million shift from exchange wallets reflects strategic accumulation rather than immediate selling. Cold wallet transfers reduce market liquidity, often a precursor to stronger buying pressure. Comparatively, other tokens like UNI are experiencing inflows, highlighting differing market dynamics.This trend aligns with broader altcoin behavior during ETF anticipation. Investors are increasingly taking positions in assets likely to benefit from institutional products. On-chain analysis suggests that whales are preparing for a potential surge, with LINK positioned favorably. Monitoring wallet flows and exchange balances remains key for traders seeking confirmation of these trends.The combination of ETF-related fundamentals and observable on-chain activity suggests a confluence of bullish factors for LINK. Price action, netflow data, and technical patterns collectively point to potential upward momentum. Analysts and traders are keeping close watch on both exchange activity and chart formations. LINK’s current market behavior reflects growing institutional and retail interest amid critical developments.The post Chainlink (LINK) Set for Major Move as Binance Sees $26M Outflow appeared first on Blockonomi.