Overview
- Santiment data showed network addresses holding at least 1 LINK climbed to 535,650 on Monday, the highest total since December 2022, a sign of broader small‑holder participation rather than large single‑entity accumulation.
- LINK traded near $8 after a roughly 7% bounce from a two‑year low of $6.99, but the token remains below key moving averages and the longer downtrend.
- LINK‑focused ETFs recorded $1.81 million of inflows on Monday and have reported no outflows since their December 2 launch, bringing total net assets to about $101.21 million and adding steady spot demand.
- Derivatives activity shows mixed sentiment: futures open interest rose to $373.06 million and funding flipped mildly positive while long liquidations of about $195,880 and a dense leverage cluster at $8.00–$8.10 leave the market vulnerable to amplified moves.
- Immediate technical resistance sits at $8.13–$8.31 with a daily close above that band likely to target the 50‑day EMA near $9.04, while failure to hold support around $7.80 would leave LINK capped below its major moving averages.