$LINK and Infosys's cooperation was pulled into the discussion, pointing toward the opening of the doors to bank exposure, but the coin price didn't follow today, falling 2.2% over 24 hours.
The cooperation sounds huge, and even the source admits that the direct impact on LINK is hard to quantify. On Binance, spot trading volume is more than $200 million—it's not cold. Active buying accounts for more than 60%, yet the price has stayed in a downtrend and hasn't strengthened.
Open interest slightly increased over the past hour, down net 2.3% over 6 hours, and fees also haven't been pushed up. For this thesis to hold, first see whether the price can absorb incoming buy orders and whether OI stops falling further.
The cooperation sounds huge, and even the source admits that the direct impact on LINK is hard to quantify. On Binance, spot trading volume is more than $200 million—it's not cold. Active buying accounts for more than 60%, yet the price has stayed in a downtrend and hasn't strengthened.
Open interest slightly increased over the past hour, down net 2.3% over 6 hours, and fees also haven't been pushed up. For this thesis to hold, first see whether the price can absorb incoming buy orders and whether OI stops falling further.
