⚠️ #LINK : there is a fundamental relevant update. Today, August 27, it was announced the direct spot trading of LINK with Schwab Crypto in the coming months, along with SOL and AVAX. Until now, the platform only offered BTC and ETH. Schwab has about 39.9 million active brokerage accounts and $13 trillion in client assets, so this potentially opens a very large access channel for LINK in the traditional market.
LINK is in the ~US$11.9 region, approximately +6% on the day in available quotes.
Signal: 🟢 bullish. Schwab’s announcement adds to today’s news that Coinbase’s cbBTC, with more than $7.5 billion in circulation, is coming to the Robinhood Chain using Chainlink CCIP as exclusive cross-chain infrastructure. These are two independent institutional developments on the same day.
The broader market does not currently show a new one-sided liquidation cascade: an updated tally estimates ~US$94 million in liquidations across BTC, ETH, SOL, XRP, and DOGE over the last 24h, practically split between longs and shorts.
Practical implication: hold/wait instead of doing everything now. The news strengthens the fundamental thesis, but I wouldn’t treat the announcement as a guarantee of an immediate upside move—the trading on Schwab hasn’t started yet. The next truly strong technical signal remains US$12.62: breakout + hold + rising volume. If that happens, the combination of price + new institutional access channels would make the scenario considerably more bullish.
LINK is in the ~US$11.9 region, approximately +6% on the day in available quotes.
Signal: 🟢 bullish. Schwab’s announcement adds to today’s news that Coinbase’s cbBTC, with more than $7.5 billion in circulation, is coming to the Robinhood Chain using Chainlink CCIP as exclusive cross-chain infrastructure. These are two independent institutional developments on the same day.
The broader market does not currently show a new one-sided liquidation cascade: an updated tally estimates ~US$94 million in liquidations across BTC, ETH, SOL, XRP, and DOGE over the last 24h, practically split between longs and shorts.
Practical implication: hold/wait instead of doing everything now. The news strengthens the fundamental thesis, but I wouldn’t treat the announcement as a guarantee of an immediate upside move—the trading on Schwab hasn’t started yet. The next truly strong technical signal remains US$12.62: breakout + hold + rising volume. If that happens, the combination of price + new institutional access channels would make the scenario considerably more bullish.