Chainlink (LINK) has experienced increased sell pressure from whales after being rejected at $30. Key highlights:

- Whale transaction activity spiked in late December, with two major transactions occurring on the 20th and 26th.
- The heightened transaction activity is similar to levels seen in the second half of 2021, indicating profit-taking by whales.
- Chainlink's price has been steadily bearish, with liquidity pockets forming underneath short-term support zones.
- If the pattern continues, the $20 level may attract prices downward, fueling another drop.
- The increased sell pressure from whales suggests a lack of conviction, making it unlikely for the rally to continue.