$LINK In the past 15 minutes, sell orders were 1.46 times the size of buy orders; the price only fell 0.24%—they can’t push the sell wall down into a deep pit!
In the past hour, the trading value was only 0.36 times the 24h hourly average; volume shrank. Positions stood at 138 million, down 0.46% in one hour—this is old inventory. The ratio of active buy/sell was 0.916 in the past hour and 0.686 over the last 15 minutes. Sellers had the upper hand in taking orders, and the funding rate was 0.0066% with no crowding. Over 24h, it fell 5.424%. The current price is 14.436, hovering right above the 24h low of 14.403.
Grayscale’s Chainlink ETF bought LINK about five hours ago (PANews), which goes against the spot order book’s shrinking volume and reduced holdings. With selling pressure favored yet the price still tracks along the floor, this move looks more like old positions withdrawing. Only when it reclaims the price of 14.516 from one hour ago can it be considered as having support. If it breaks below the 24h low of 14.403, that’s it.
#LINK order book
In the past hour, the trading value was only 0.36 times the 24h hourly average; volume shrank. Positions stood at 138 million, down 0.46% in one hour—this is old inventory. The ratio of active buy/sell was 0.916 in the past hour and 0.686 over the last 15 minutes. Sellers had the upper hand in taking orders, and the funding rate was 0.0066% with no crowding. Over 24h, it fell 5.424%. The current price is 14.436, hovering right above the 24h low of 14.403.
Grayscale’s Chainlink ETF bought LINK about five hours ago (PANews), which goes against the spot order book’s shrinking volume and reduced holdings. With selling pressure favored yet the price still tracks along the floor, this move looks more like old positions withdrawing. Only when it reclaims the price of 14.516 from one hour ago can it be considered as having support. If it breaks below the 24h low of 14.403, that’s it.
#LINK order book