analysis

Chainlink eyes $13.50 breakout as ETF inflows hit yearly high

0Importance
closedStatus
1News media
1Pieces
Published
Also mentions
SOSO

Chainlink recovered from a Thursday low of $12.09 to the $13.3-$13.5 area by Monday. During that move, LINK-focused ETFs recorded $9.48 million in Friday inflows, and large wallets increased their share of circulating supply to 65.6%.

Key claims & sources

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LINK moved up from $12.09 to about $13.34.
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Wallets holding between 1 million and 100 million tokens raised their share of circulating supply to 65.6%.
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Chainlink traded near $13.50 on Monday after extending the rebound from Thursday’s $12.09 low.
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LINK-focused ETFs took in $9.48 million on Friday, the largest daily inflow this year.

What it means

Holders watching Chainlink tomorrow morning will notice two separate signals in the market. The token was trading near $13.50 on Monday, and LINK-focused ETFs had just taken in $9.48 million on Friday, the biggest daily inflow this year. This matters to traders, funds, and other market participants because both price action and ETF demand are visible in the same stretch of trading.

Market reaction i

ChainlinkLINK the event is about this asset
first headline
-0.4% 2 h before
-0.3% 4 h after
$13.38price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 12 07:39
CoinJournal scoop
Breaks the event: $9.5M

Where this sits in the Chainlink series

WhenWhat happenedFigure
39 days ago LINK at $15.69 high today it sits -31.0% from there
8 days ago LINK at $10.33 low today it sits +4.8% from there

From what we have stored, starting 43 days ago.