53,310,000 Chainlink In 24 Hours, LINK Bags Major Futures Offset
Main Idea
Chainlink (LINK) has seen significant futures market activity with $1.02 billion committed, alongside a slight price recovery and increased trading volume, indicating strong investor interest.
Key Points
1. Chainlink's futures market saw $1.02 billion in commitments, equivalent to 53.32 million LINK in 24 hours.
2. LINK's price rebounded to $19.16 after hitting a low of $18.67, reflecting a $0.50 recovery within the same period.
3. Trading volume increased by 1.91% to $1.18 billion, signaling sustained investor interest.
4. Gate.io and Bitget traders committed $209.24 million and $206.85 million to Chainlink, respectively.
5. Top whales control 32% of Chainlink’s top wallets, and their activity could influence the price outlook, potentially breaching the $20 resistance level.
Description
Chainlink futures market has shown major offset that may determine next price direction
Latest News
- CME: XRP Futures Secure New Record2025-07-22 20:12:49
- XRP to $15 in Play as Analyst Shares Bullish Insight2025-07-22 19:24:26
- XRP and BTC Prices Spike Amid Rumors of Powell's Resignation2025-07-22 18:53:19
- Banking Giant PNC Wades Into Crypto Trading2025-07-22 18:20:48
- Cardano to $1 Rally Aborted, but All Hope Not Lost2025-07-22 16:46:15