Bitcoin (BTC) Stagnates Amid Weak Volatility and Market Uncertainty, Chainlink (LINK) Sees Whale Accumulation Despite Price Drops, and Toncoin (TON) Struggles to Break Out

Market uncertainty and low momentum define their current trends.

Bitcoin (BTC) price analysis for Feb. 27 reveals that BTC has remained range-bound for the past few days with weak volatility. However, various market indicators suggest a bearish outlook. According to K33 Research, BTC’s trading volume, yields, and CME futures premium have dropped to levels not seen since before the last U.S. presidential election. The futures premium slipped below 5%, suggesting a potential shift toward a bearish phase.

A descending channel pattern on BTC’s daily chart suggests continued downside risk. Key resistance levels lie at $100,415 (0.5 Fib) and $102,512 (0.618 Fib), with a breakout potentially targeting $109,302 and $120,286 (1.618 Fib extension).

Despite BTC’s lackluster performance, business intelligence firm Strategy (formerly MicroStrategy) is set to raise $2 billion in senior convertible notes, with the proceeds earmarked for further Bitcoin purchases. This move aligns with Strategy’s 21/21 plan to amass $42 billion worth of BTC over three years.

However, BTC remains trapped in a consolidation range between $94,000 and $100,000, with market uncertainty exacerbated by geopolitical and macroeconomic concerns. According to Bitfinex’s latest Alpha report, Bitcoin’s Inter-Exchange Flow Pulse (IFP) turned bearish for the first time since June 2024, hinting at reduced risk appetite.

Meanwhile, QCP Capital notes that Bitcoin’s implied volatility continues to decline, mirroring past periods where BTC struggled to break out of a multi-month range.

Chainlink (LINK) price analysis for Feb. 27 reveals that LINK has seen increased accumulation by large holders despite a 9% price drop over the past 24 hours. Currently trading at $17.51, LINK is down nearly 70% from its all-time high.

However, on-chain data from Santiment shows that top LINK holders have been on an acquisition spree since early February. Large investors added 1.6 million LINK between Feb. 3 and Feb. 17, valued at approximately $28 million.

Prominent analyst Ali Martinez also reported that 1.1 million LINK ($19 million) was purchased by whales in the past 24 hours, indicating strong demand for the asset among institutional investors.

Cardano founder Charles Hoskinson also expressed optimism about Chainlink, stating that integrating its oracle solutions is crucial for blockchain adoption in traditional finance.

Toncoin (TON) price analysis for Feb. 27 reveals that TON has seen strong demand from large investors, evidenced by the accumulation of 68 million TON tokens, valued at approximately $250 million, according to IntoTheBlock.

This buying spree began on Feb. 14, when the U.S. Securities and Exchange Commission (SEC) acknowledged the filing for a Dogecoin ETF. At the time, TON was trading at around $3.74.

Since then, TON has remained largely sideways, consolidating between $3.70 and $3.90. However, large investors have continued accumulating the asset, driving its price higher. If the buying pressure persists, TON could break above its $4.00 resistance and continue rallying toward $4.50 in the coming weeks.