LINK Whale Holds Over $1M Worth of Loser Position
A large LINK whale has been holding onto their position for nearly ten months despite taking a significant loss. The whale, identified as address 0x73ce82fb75868af2a687e9889fcf058dd1cf8ce9, has been long on the cryptocurrency Link since an $11.57 entry in what is now a losing proposition worth over $1.20M. As of current prices around $8.13, the position is sitting underwater but still being held.
The whale's decision to hold on is likely driven by technical analysis as LINK trades within its Bollinger Bands on the 4h chart with price testing the upper resistance at $8.36. However, indicators such as the RSI and MACD suggest a broader bearish structure, with momentum neutral at 42.62 and a death cross forming.
According to LINK price prediction models, any break below the lower band support at $8.07 could accelerate pressure toward the liquidation zone before a potential macro rebound materializes. For now, traders are closely watching this whale's bet as it holds despite significant losses.