$LINK Bearish! The contract side has already knelt— the futures price has fallen into negative basis, and even longs won’t give a premium. They sell off aggressively, pressing the active buy orders to the ground. The buy-side share can’t even reach half, and yet they keep hitting—making it shrink further. On-chain leverage lending has contracted sharply, while liabilities are still in negative growth. The batch of long buyers who borrowed money has already pulled out.