LINK is now around 9.34. Over the past 7 days, it was pulled from 8.16 to 9.76, up 12%. After the run, it takes a breather and retraces. I’m slightly bullish on this position, but I won’t chase.
The key is still the capital. In the past three hours, spot net inflows have piled up to more than 2 million; none of the 12 candles broke—everything is net buying, and large orders are also positive. Price is retracing, yet money is still moving in. This is the biggest difference from a typical dead-cat bounce.
On the whale side, over the last seven hours, the share of long accounts increased by almost 7%. Long exposure is near 60%, big players haven’t exited—they’ve kept adding along the way.
There’s also real news supporting sentiment. Next week, Trump is scheduled to attend a White House crypto CEO meeting. The market is talking about the possibility of policy-related exposure on-chain, and the narrative around ETF inflows is being discussed as well. In the last 24 hours, there were 13 positive news items; KOLs are overwhelmingly bullish—128 bullish versus only 12 bearish—so sentiment is one-sided.
However, short-term pressure is right here: RSI 71 and MFI 82 have already entered the overbought zone. The 15-minute double moving averages are sitting overhead. In the futures market,主动 sell orders are clearly more than buy orders. Open interest for the day also increased by over 11%, and leverage is getting a bit crowded. So chasing right now isn’t great on terms of risk-reward.
My plan is to wait for the retracement. Watch whether the area around 9.2 down to the 7-day low near 8.16 can hold. The order-book buy walls are still thick; once it holds, then we can talk about whether the rebound continuation is likely.
The White House event is event-driven—volatility can easily amplify before and after it hits, so don’t go all-in betting on direction.
Bullish overall—wait for the retracement and confirmation, don’t chase the high.
#link $LINK
The key is still the capital. In the past three hours, spot net inflows have piled up to more than 2 million; none of the 12 candles broke—everything is net buying, and large orders are also positive. Price is retracing, yet money is still moving in. This is the biggest difference from a typical dead-cat bounce.
On the whale side, over the last seven hours, the share of long accounts increased by almost 7%. Long exposure is near 60%, big players haven’t exited—they’ve kept adding along the way.
There’s also real news supporting sentiment. Next week, Trump is scheduled to attend a White House crypto CEO meeting. The market is talking about the possibility of policy-related exposure on-chain, and the narrative around ETF inflows is being discussed as well. In the last 24 hours, there were 13 positive news items; KOLs are overwhelmingly bullish—128 bullish versus only 12 bearish—so sentiment is one-sided.
However, short-term pressure is right here: RSI 71 and MFI 82 have already entered the overbought zone. The 15-minute double moving averages are sitting overhead. In the futures market,主动 sell orders are clearly more than buy orders. Open interest for the day also increased by over 11%, and leverage is getting a bit crowded. So chasing right now isn’t great on terms of risk-reward.
My plan is to wait for the retracement. Watch whether the area around 9.2 down to the 7-day low near 8.16 can hold. The order-book buy walls are still thick; once it holds, then we can talk about whether the rebound continuation is likely.
The White House event is event-driven—volatility can easily amplify before and after it hits, so don’t go all-in betting on direction.
Bullish overall—wait for the retracement and confirmation, don’t chase the high.
#link $LINK