Daily News 19

Tag: Chainlink LINK

  • Chainlink (LINK) Volume Surges 65% in 24 Hours: Can Price Break $12?

    Chainlink (LINK) Volume Surges 65% in 24 Hours: Can Price Break $12?

    Chainlink Trading Volume Surges 40-60% as LINK Tests $12 Resistance

    Chainlink ($LINK) is showing renewed trading momentum as the token attempts to recover from its recent correction. The key $12 resistance level is back in focus after futures volume across major exchanges jumped between 40% and 60% over the past 24 hours.

    LINK Holds Ground After Volatile September

    After several volatile weeks, LINK is currently trading around $11.40. The asset surged nearly 70% from approximately $8.00 in early August to a peak above $13.50 in September before sellers stepped in. The subsequent correction pulled LINK back toward $11, though the broader breakout structure remains intact.

    LINK/USDT Chart by TradingView

    Futures Volume Spikes Across Major Exchanges

    Trading activity has picked up significantly. Binance LINK/USDT futures volume reached approximately $113 million, representing a 53% increase over the past day. OKX and Bybit recorded gains of roughly 44% and 52% respectively, while some smaller venues posted even higher percentage jumps.

    However, higher volume does not automatically signal bullish pressure. Futures flows have remained negative for extended periods throughout the day. Over a four-hour window, LINK recorded net futures outflows of about $1.84 million, expanding to $3.86 million over twelve hours. Spot flows across one-, four-, eight-, and twelve-hour windows also remain negative.

    Long Positioning Creates Dual Scenario

    Market positioning warrants close attention. The top-trader long/short position ratio exceeds 2.2, while Binance’s account long/short ratio sits at approximately 1.46. Traders maintain a strong bias toward long positions. This could support a breakout if demand persists, but excessive long positioning also increases liquidation risk if LINK loses support.

    Technical Structure Remains Constructive

    From a technical perspective, the structure stays favorable. Following August’s breakout, LINK continues trading above its major moving averages, with shorter-term averages rising rapidly. The Relative Strength Index (RSI) has cooled toward the mid-50s after previously reaching overbought territory, giving the market more room for another upward move.

    Key Levels to Watch

    The first barrier remains $12. Bulls have struggled to establish this area as support despite repeated tests. A sustained volume increase coupled with a daily close above $12 could bring $12.50 and ultimately the September high of $13.50 back into play.

    While the 65% volume expansion has brought increased liquidity and attention to LINK, buyers still need to translate that activity into genuine spot demand to sustain any breakout.

  • Bitcoin, Altcoins See Intense Whale Activity After Inflation Data — Details

    Bitcoin, Altcoins See Intense Whale Activity After Inflation Data — Details

    Major Crypto Whale Movements Signal Shifting Market Dynamics Across USD1, HYPE, and LINK

    Significant on-chain activity over the past 24 hours highlights renewed institutional and whale interest across three distinct assets: the Trump-backed USD1 stablecoin, the Hyperliquid-native HYPE token, and Chainlink’s LINK. Large transfers to exchanges and strategic accumulation by major funds suggest positioning ahead of potential market catalysts.

    Fireblocks-Linked Wallet Moves $19.4M USD1 to Binance, Totaling $149.8M in 13 Days

    A custody wallet associated with Fireblocks transferred $19.4 million worth of USD1 stablecoin to Binance within the last hour. On-chain data indicates this same wallet has moved approximately $149.8 million in USD1 to the exchange over the past 13 days. The consistent flow raises questions about liquidity management, potential redemption activity, or strategic redistribution by institutional custodians backing the token.

    Dormant Whale Awakens: 116,490 HYPE Worth $9.6M Withdrawn from OKX After 119 Days

    In a separate development, a long-inactive crypto investor—dormant for 119 days—has returned to the market. The whale withdrew 116,490 HYPE tokens, valued at roughly $9.6 million, from OKX. Analysts are monitoring the wallet for follow-up transactions, as such reactivation often precedes new positioning, staking, or governance participation within the Hyperliquid ecosystem.

    Grayscale’s GLNK ETF Accelerates LINK Accumulation: 1.05M Tokens ($12.12M) in 18 Days

    Institutional demand for Chainlink remains robust. Grayscale’s GLNK exchange-traded fund acquired an additional 203,810 LINK tokens, worth approximately $2.38 million, via Coinbase Prime. Over the last 18 days, the fund has accumulated a total of 1.05 million LINK, equivalent to roughly $12.12 million at current valuations. The steady pace underscores growing traditional finance exposure to oracle infrastructure.

    Chainlink Strategic Reserve Expands by 511,000 LINK ($5.52M) in 30 Days, Now Totals 5.86M LINK ($67.24M)

    Concurrently, Chainlink’s own treasury added 91,100 LINK, valued at approximately $1.06 million, to its strategic reserve. This brings the reserve’s 30-day accumulation to 511,000 LINK ($5.52 million), lifting total holdings to 5.86 million LINK, or roughly $67.24 million. The reserve growth aligns with the protocol’s ongoing expansion into cross-chain interoperability and verified data services.

    This article is for informational purposes only and does not constitute investment advice.

  • RWA Market Growth Puts LINK, XLM, and ONDO in Focus

    RWA Market Growth Puts LINK, XLM, and ONDO in Focus

    The real-world asset (RWA) market is becoming increasingly difficult to ignore. Excluding stablecoins, tokenized real-world assets have grown 18.1 times in three years to $44.6 million, with institutional demand for yield-bearing products driving much of that expansion.

    Three tokens closely linked to the RWA infrastructure—$LINK, $XLM and $ONDO—are now approaching technically important price levels that could shape their next major moves.

    RWA Market Growth Is Driving New Demand

    Tokenized U.S. Treasury bills lead the market at $15.1 billion, followed by active yield strategies at $8.9 billion and private credit funds at $6.4 billion. However, the growth of tokenized assets is not simply a competition between blockchains offering the same function.

    Ethereum remains the dominant Layer 1 settlement network, accounting for roughly one-third of the tokenized asset market. Stellar and Avalanche have also become important issuance rails for institutional funds.

    The specialized protocols supporting this market are particularly important. Ondo Finance focuses on issuing and distributing yield-bearing traditional assets, including U.S. Treasuries, on-chain. Chainlink provides middleware through its oracle infrastructure and CCIP, including Proof of Reserves and connections between off-chain financial data and on-chain assets. Stellar offers a fast, cost-effective settlement environment and hosts financial products such as Franklin Templeton’s tokenized money market fund.

    $LINK Price Faces a Major Weekly Test

    $LINK has already bounced from an important demand area during August and is now approaching the 200-day exponential moving average (200-EMA) on the weekly chart near $13.83. This is the key resistance level bulls must overcome.

    A weekly breakout above that resistance could strengthen the case for a longer-term recovery and open the way toward higher price levels. Failure to break through, however, could send $LINK back toward lower support zones. The setup is promising, but the chart still needs confirmation rather than another speculative rally.

    $XLM Holds Support but Shows a Warning Signal

    $XLM is also showing a constructive setup after rising from a major ascending trendline that has previously triggered significant price moves. The token tested the 200-day EMA in August but has so far been rejected.

    If $XLM eventually flips that resistance on the weekly chart, $0.30 and $0.50 will become important levels to monitor. There is also a warning signal: a weekly death cross has formed between the 50-EMA and 200-EMA. If selling returns, a loss of the ascending trendline could expose $XLM to lower support levels.

    $ONDO Needs to Hold Its Long-Term Trend

    $ONDO may have the most fragile technical setup of the three tokens. Since early February, its weekly chart has maintained an ascending trendline following a major H2 2025 crash.

    That trendline is now critical. A breakdown could deepen the correction and potentially create a continuation pattern, with new all-time lows forming ahead. Conversely, $ONDO has not reclaimed its weekly 50-EMA since September 2025. If it finally does, $0.60 and $0.85 could become relevant recovery targets.

    The RWA market is expanding rapidly, but that growth does not automatically guarantee that token prices will follow. $LINK, $XLM and $ONDO are exposed to an expanding tokenization ecosystem; their charts now need to show that institutional growth can translate into sustained demand.

    Source: cryptonews.net