Chainlink Price Prediction: Can the 50x ETH Whale Trigger a LINK Rally?

Monicah W

The post Chainlink Price Prediction: Can the 50x ETH Whale Trigger a LINK Rally? appeared first on Coinpedia Fintech News

The notorious “50x ETH” whale, who previously cost Hyperliquid $4M, is back in action—this time going all-in on Chainlink (LINK). Within the last 45 minutes, the trader deposited 2.875M USDC into Hyperliquid to open a LINK long position with 10x leverage.

Since February 7, this high-risk trader has pocketed $16.4M by flipping leveraged positions on ETH, BTC, HYPE, and YGG. Now, all eyes are on whether this LINK bet will deliver another payday or end in liquidation. However, his past trades have not only brought him massive profits but also raised concerns about the risks of extreme leverage on decentralized trading platforms.

The Big LINK Bet

On March 14, the whale opened long positions on LINK worth approximately $31 million using 10x leverage on Hyperliquid and GMX, two major perpetual trading platforms. On top of that, he accumulated around $12 million in spot LINK. However, on-chain data shows that he has been gradually selling portions of his LINK holdings back into stablecoins, possibly securing profits or adjusting his exposure.

The ETH Trade That Shook Hyperliquid

This comes just days after his massive $200 million ETH long position on March 12, which led to millions in losses for Hyperliquid’s liquidity providers. The trade resulted in a $4 million deficit for the platform’s liquidity pool but landed the trader $1.8 million in profits. Over the past month, his total earnings from Hyperliquid alone have soared to $17 million, according to Web3 analytics firm Lookonchain.

The incident highlighted the risks of leveraged trading, where traders can control huge positions with little capital. While some thought the whale exploited a loophole, Hyperliquid confirmed it was all within the rules—just an extreme case they hadn’t accounted for. To prevent future disruptions, the platform tightened its collateral requirements on March 13.

Hyperliquid’s Growing Dominance

Controversy aside, Hyperliquid continues to dominate decentralized derivatives trading. Since launching in 2024, it has taken 70% of the market, outpacing GMX and dYdX, as noted by VanEck. Adding to its momentum, the platform recently hit a major milestone of $1 trillion in lifetime trading volume, solidifying its spot among the top decentralized exchanges.

What’s Next for Chainlink?

Chainlink’s price has been all over the place. It shot up by over 150% after Trump won the election but has since dropped from nearly $30 in December to under $14 now. But with big traders like the ETH 50x whale jumping in, many are wondering if LINK is about to make another big move. Right now, it has a market value of $8.7 billion and is still an important player in the DeFi world.

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Bitfinex Suggests Bitcoin Bull Run May Not Be Over Yet—What’s Next?

According to Bitfinex, Bitcoin’s (BTC) key indicators suggest that the current bull cycle may not have peaked yet, implying a potential continuation of the market rally. However, this optimistic outlook hinges on the stabilization of broader macroeconomic conditions.

The report also noted that short-term dips remain a possibility. Despite this, the broader trend appears positive, especially if Bitcoin can maintain its price above critical technical levels like $95,000.

Will Bitcoin’s Price Rally Continue?

In its latest report, Bitfinex pointed out that Bitcoin’s performance in April exceeded the average return. In April 2025, BTC posted a monthly gain of 14.08%. This was higher than its historical average of 13% and the median return of 7.3%. 

“While April has traditionally been a strong seasonal month for BTC, recent years have seen more muted results, making this yearʼs performance stand out more distinctly,” the report read.

Bitcoin Performance in April
Bitcoin’s Performance in April. Source: Bitfinex Alpha Report

Notably, the beginning of the month was challenging for Bitcoin. President Trump’s tariff announcements triggered a sharp downturn in the price, which dropped as low as $74,501. 

However, amid dollar depreciation and inflation concerns, Bitcoin found new ground. By the second half of the month, the price rallied again and recovered 32% from its previously low to local highs of $97,900. 

This strong close underscored its resilience amid macroeconomic uncertainty and reflected renewed investor optimism in its future potential. On-chain data further reinforced this.

The stability in miner reserves, for instance, signaled confidence in the market. The reserves increased slightly from 1,808,315 BTC in December 2024 to 1,808,674 BTC as of May 5.

This indicated a deliberate holding strategy by miners who typically sell to cover operational costs. The behavior suggested they expect future price appreciation.

Furthermore, the Puell Multiple, an indicator measuring miner revenue relative to historical averages, remains below 2. This implied that miners do not believe the current price is a market peak. 

Miners typically sell during market rallies or extremes, but their continued holding despite recent gains supports the idea that Bitcoin may have more room to grow.

“The fact that they are still holding into this recent 32 percent recovery from the April lows supports the idea that, despite recent volatility and macro uncertainty, we may not have seen the final leg of the current bull cycle,” the report stated.

While the long-term outlook remains bullish, Bitfinex underlined a critical short-term challenge for Bitcoin: reclaiming the $95,000 level.

“The $95,000 level—currently under consolidation—is a critical pivot point, acting as the lower boundary of a three-month range that defined market structure between November 2024 and February 2025,” Bitfinex noted.

According to their analysis, flipping the $95,000 level into strong support would indicate a shift in the market towards a bullish trend. Furthermore, it could set the stage for a potential test of its all-time high prices. 

However, BTC’s failure to hold it could reinstate the level as a resistance for the price. In this case, a short-term decline or correction appears likely. 

“As such, the next several days will likely determine whether the recent strength evolves into a sustained breakout or resolves into a retest of lower support zones,” the report added.

Bitfinex also evaluated the strength of the current Bitcoin rally using the Short-Term Holder (STH) cost basis. It represents the average acquisition price of coins held by recent investors. According to them, this has

“Historically acted as a dividing line between bullish and bearish market phases.”

This cost basis is currently at $93,340. Bitcoin has successfully broken above this threshold, signaling short-term momentum. However, maintaining this level will be crucial in determining if the rally continues or loses momentum.

BTC Price Performance
BTC Price Performance. Source: TradingView

Meanwhile, Bitcoin traded at 94,236 at press time, down 0.1% over the past day. It remains 13.4% below its record high. Whether the coin will fill this gap remains to be seen.

The post Bitfinex Suggests Bitcoin Bull Run May Not Be Over Yet—What’s Next? appeared first on BeInCrypto.

Analyst Reveals Dogecoin Price Can Reach New ATH In 55 Days If This Happens

Analyst Reveals Dogecoin Price Can Reach New ATH In 55 Days If This Happens

Crypto analyst Master Kenobi has provided a bullish outlook for the Dogecoin price, predicting that it could reach a new all-time high (ATH) in 55 days. He revealed what needs to happen for DOGE to achieve this milestone by June, based on his 55-day target.

How The Dogecoin Price Could Reach A New ATH By June

In an X post, Master Kenobi stated that the Dogecoin price will likely reach a new all-time high within approximately 50 to 55 days once it breaks above the trendline he highlighted on his accompanying chart.

dogecoin

The chart showed that the crucial price level DOGE needs to break above, based on this trendline, is $0.15488. The analyst then remarked that a conservative price target for the top meme coin would be $0.90 by June 5-10.

Master Kenobi had made this prediction while alluding to an earlier post in which he indicated that the Dogecoin bottom was almost near. In that post, he stated that the last time DOGE experienced a downturn, there was a 100-day period from the local bottom to the local top. He noted the meme coin is now halfway through a similar timeframe.

In line with this, the crypto analyst expects the Dogecoin price to reach a new all-time high (ATH) during this period, although he admitted that it is unclear whether it will break the psychological $1 level.

Crypto analyst Kevin Capital also suggested that a massive rebound was on the horizon for the DOGE price. In an X post, he stated that everything is going according to plan for Dogecoin. He urged market participants to stay patient, noting that every day that passes is another day closer.

DOGE Traders Remain Undecided At The Moment

In an X post, crypto analyst Trader Tardigrade indicated that DOGE traders are currently undecided on the meme coin’s next move. In an X post, he stated that the Dogecoin price structure has been converging into a triangle pattern, indicating market indecision.

dogecoin

He noted that during this period, buyers hesitate to buy high, while sellers are cautious about selling low, leading to conservative behavior on both sides. The analyst added that this pattern typically occurs between a downtrend and an uptrend.

This market indecision currently explains why DOGE investors continue to accumulate and dump their coins at will with no clear sign of active accumulation or a wave of sell-offs. As CoinGape reported, crypto whales recently dumped 570 million DOGE, as the Dogecoin price continues to trade sideways.

The post Analyst Reveals Dogecoin Price Can Reach New ATH In 55 Days If This Happens appeared first on CoinGape.

DeFi Dev Corp Partners Kraken To Launch First Tokenized Crypto Treasury On Solana

Defi Dev Corp is tokenizing its DFDV stock on Solana, tapping Kraken to collaborate in the rollout. The launch is the first tokenized US-listed crypto treasury stock, merging equity ownership and on-chain finance. DeFi Dev Corp Taps Kraken For Stock Tokenization DeFi Development Corp. has announced a partnership with Kraken to tokenize its DFDV stock

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