Chainlink futures markets have recorded $1.02 billion in open interest, marking a significant surge that underscores robust investor confidence despite recent price volatility. The substantial capital inflow signals strong conviction in LINK’s value proposition among institutional and retail traders.
Exchange-level data reveals Gate.io leads with $209.24 million in open interest, followed closely by Bitget at $206.85 million. Major platforms Binance and Bybit collectively contribute over $320 million, demonstrating widespread market participation across trading venues.
Notably, whale activity has intensified with large holders controlling 32% of tracked wallets. Analysts suggest sustained buying pressure exceeding 100% could catalyze a decisive breakout above LINK’s critical $20 resistance level—a threshold that has historically prompted profit-taking behaviors.
Technical challenges persist near $20, where sell-wall concentrations may hinder upward momentum. Nevertheless, persistent accumulation by long-term holders provides fundamental support as market sentiment maintains an overall optimistic outlook for Chainlink’s recovery trajectory.