NAIROBI (CoinChapter.com) – Bitcoin (BTC) remains range-bound amid weak volatility, Chainlink (LINK) sees whale accumulation despite price declines, while Toncoin (TON) faces challenges in its breakout. Market uncertainty and low momentum define their current trends.

Bitcoin stagnates amid weak volatility and market uncertainty
Bitcoin (BTC) continues to face lackluster momentum, with various market indicators showing weakness. According to K33 Research, Bitcoin's trading volume, earnings, and CME futures premiums have fallen to levels not seen since before the last U.S. presidential election. The futures premium fell below 5%, suggesting a possible shift to a bearish phase.


The descending channel pattern on the BTC daily chart suggests continued downside risk. Key resistance levels are located at $100,415 (0.5 Fib) and $102,512 (0.618 Fib), with possible targets at $109,302 and $120,286 (1.618 Fib Extension) upon a breakout.
Despite this, business intelligence company Strategy (formerly MicroStrategy) is committed to accumulating Bitcoin. The company announced plans to raise $2 billion through senior convertible bonds, with the proceeds to be used for Bitcoin purchases. This is in line with Strategy's 21/21 plan, which plans to accumulate $42 billion worth of Bitcoin within three years.
However, Bitcoin remains trapped in a consolidation range between $94,000 and $100,000, with market uncertainty heightened by geopolitical and macroeconomic issues. According to Bitfinex’s latest Alpha report, Bitcoin’s Inter-Exchange Flow Pulse (IFP) turned bearish for the first time since June 2024, suggesting a decline in risk appetite.


Meanwhile, QCP Capital noted that Bitcoin’s implied volatility continues to decline, reflecting BTC’s past struggles in breaking out of multi-month ranges.

Chainlink (LINK) Whale Accumulation Increases Despite Price Drop
Chainlink (LINK) has been on a rollercoaster ride. It ranks as the top real-world asset (RWA) protocol in terms of development, but has seen a 9% price drop over the past day. LINK is currently trading at $17.51, down nearly 70% from its all-time high. Nonetheless, on-chain data points to strong accumulation by whales, a factor that could provide much-needed price stability.


According to data from blockchain analysis firm Santiment, TOP LINK holders have steadily increased their holdings since the beginning of February. Large investors purchased a total of 1.6 million LINK between February 3 and February 17, worth approximately $28 million.


Prominent analyst Ali Martinez also reported that whales bought 1.1 million LINK ($19 million) in the past 24 hours, indicating long-term confidence in the asset.
Cardano founder Charles Hoskinson also expressed optimism about Chainlink, saying that integrating its oracle solutions is crucial for blockchain adoption in traditional finance.

Toncoin (TON) Eyes Breakout Amid Surge in Whale Demand
Toncoin (TON) has maintained a sideways trend between $3.70 and $3.90 for nearly two weeks, but large holders have stepped up their accumulation efforts.
On-chain data from IntoTheBlock indicates that whales have acquired 68 million TON tokens, worth approximately $250 million, since the U.S. Securities and Exchange Commission (SEC) approved the Dogecoin ETF application on February 14.


This strong buying activity indicates growing confidence among institutional investors, which is often a precursor to a price recovery. If this trend continues, TON could break through resistance at $4.00 and target $4.50 in the coming weeks.


TON’s total locked value (TVL) surged and then fell amid price volatility. Source: CryptoQuant
Although TON’s total locked value (TVL) has declined, staking participation has surged, indicating a shift in investor preference toward stable yield opportunities. The upcoming integration of USDT lending with the Factorial Finance protocol further strengthens TON’s ecosystem and could drive demand for the asset.
Bitcoin’s weak volatility, Chainlink’s whale accumulation, and Toncoin’s growing investor interest reflect a market in transition. While BTC remains range-bound, large investors continue to accumulate LINK and TON, suggesting long-term optimism despite short-term uncertainty.