Chainlink: Grayscale & Bitwise scoop 1.4M tokens, yet LINK slips

Institutional demand around Chainlink strengthened as institutions expanded their $LINK holdings while broader accumulation absorbed available supply.　　Grayscale extended its accumulation activity after its $GLNK ETF received another 203,810 $LINK worth $2.38 million from Coinbase Prime.　　Over 18 days, the Grayscale ETF received around 1.05 million $LINK, valued at approximately $12.12 million. These persistent purchases reinforced the institutional demand narrative despite $LINKs recent price retracement.　　Additionally, Bitwise confirmed the accumulation trend after also purchasing another 163,664 $LINK, worth roughly $1.91 million. Also, the institution remained a consistent buyer during the previous two weeks.　　The institutions total holdings hit 3.964 million $LINK, with an average acquisition price of roughly $9.96.　　Therefore, this implies that the accumulation extended beyond a single institutional vehicle, reflecting a broader sustained interest.　　Reserve growth adds another demand layer　　The Chainlinks strategic reserve added another 91,100 $LINK, valued at roughly $1.06 million. The purchase increased the 30-day accumulation reserve to 511,000 $LINK, worth approximately $5.52 million.　　The acquisition brought the total reserve holdings to 5.86 million $LINK, worth nearly $67.24 million. Therefore, this reserve accumulation provided another source of recurring $LINK absorption alongside the institutional purchases.　　Furthermore, the ETF activity also strengthened the broader demand outlook. Reportedly, Chainlink ETFs attracted $4.27 million in investor capital during