Chainlink trading volume jumps 65% in 24 hours as LINK holds near $11.40
- —LINK/USDT futures volume on Binance rose 53% to $113 million in 24 hours
- —OKX and Bybit posted volume increases of 44% and 52%, respectively
- —Net outflow from LINK futures: $1.84 million over 4 hours and $3.86 million over 12 hours
- —Long/short ratio on Binance at 1.46, with top traders holding a long bias
Why it matters: Rising volume could support a break above $12, but the long skew raises liquidation risk if support gives way.
Source: U.Today