Chainlink (LINK) Drops 7% to $14.37 as Futures Volume Collapses 58-63%
- —LINK trades at $14.37, down roughly 7% in 24 hours from a $15.57 high
- —Binance LINK/USDT futures volume fell 60.75% to $286.1 million
- —Total exchange futures volume is $848.36 million; OKX -63.14%, Bybit -57.09%
- —24-hour liquidations total $1.11 million, with longs at $1.05 million; open interest at $775.33 million
Why it matters: The rally was driven by leveraged positioning rather than spot demand, so holding $14 will decide whether LINK pulls back to $12.80 or retests $15.50.
Source: U.Today