LINK is sticking to the three-day high at 13.68. Even so, the spot market’s sell pressure is actually four times less than the buy pressure—taker buy/sell ratio is 0.24, and the sell orders are pinning the bids to the ground. But the price hasn’t been smashed down; the key question is: who absorbed those retail sell orders?
Retail is taking profits, while big money is picking up the goods. In the last 15 minutes, net inflow of large orders is 14,000 coins; over the past three hours, spot capital has been steadily net flowing in. The one taking delivery isn’t just following the crowd—it’s real money propping it up.
And there’s another layer: the whales’ long positions account for 72%. Open interest for contracts increased by 12.45% in a day, and the funding rate is still sitting at just 0.0074%. With leverage longs this cheap, the market hasn’t reached the overcrowded, overheated phase yet.
So this long setup is in play—once it breaks above 13.68, it becomes a new high.
Risks are hanging in the order book and leverage: the buy wall is only 60% as thick as the sell wall. The spot leverage long/short ratio is 130:1, and the support depends entirely on large orders propping it up. Once the net inflow from large orders turns negative, or if it breaks below 12.94, the buyers back off—I’ll flip short in response.
#link $LINK
Retail is taking profits, while big money is picking up the goods. In the last 15 minutes, net inflow of large orders is 14,000 coins; over the past three hours, spot capital has been steadily net flowing in. The one taking delivery isn’t just following the crowd—it’s real money propping it up.
And there’s another layer: the whales’ long positions account for 72%. Open interest for contracts increased by 12.45% in a day, and the funding rate is still sitting at just 0.0074%. With leverage longs this cheap, the market hasn’t reached the overcrowded, overheated phase yet.
So this long setup is in play—once it breaks above 13.68, it becomes a new high.
Risks are hanging in the order book and leverage: the buy wall is only 60% as thick as the sell wall. The spot leverage long/short ratio is 130:1, and the support depends entirely on large orders propping it up. Once the net inflow from large orders turns negative, or if it breaks below 12.94, the buyers back off—I’ll flip short in response.
#link $LINK
