$10 million in ETF net inflows, yet $LINK is still down over 6% in 24 hours, with the current price at $12.2. Is the market really treating good news for institutions as bad news?
$LINK isn't trending anywhere online. Retail traders haven't followed the trend at all. Institutions are buying in bulk, but retail traders aren't stepping in, so naturally the price can't rise. It's not that all the good news has been priced in—the buying support is just too weak.
Let's talk about the risk first: this analysis is most likely to be wrong if ETF inflows are just a short-term spike. If they stop, $LINK could drop further to catch up.
First, watch to see whether ETFs continue to see inflows over the next 24 hours, and whether $LINK balances on exchanges are being withdrawn. Don't rush to catch a falling knife without a signal.
Don't scatter your cash just yet. The 7% VIP-exclusive promotion for Binance Earn U Flexible Savings ends today. You can earn risk-free returns first while waiting for a signal.
Do you think $LINK can hold above $12 this time? Reply 1 if you think it can; reply 2 if you expect another drop.
#Write2Earn #BinanceSquare #LINK ETF #TradingTournament
$LINK isn't trending anywhere online. Retail traders haven't followed the trend at all. Institutions are buying in bulk, but retail traders aren't stepping in, so naturally the price can't rise. It's not that all the good news has been priced in—the buying support is just too weak.
Let's talk about the risk first: this analysis is most likely to be wrong if ETF inflows are just a short-term spike. If they stop, $LINK could drop further to catch up.
First, watch to see whether ETFs continue to see inflows over the next 24 hours, and whether $LINK balances on exchanges are being withdrawn. Don't rush to catch a falling knife without a signal.
Don't scatter your cash just yet. The 7% VIP-exclusive promotion for Binance Earn U Flexible Savings ends today. You can earn risk-free returns first while waiting for a signal.
Do you think $LINK can hold above $12 this time? Reply 1 if you think it can; reply 2 if you expect another drop.
#Write2Earn #BinanceSquare #LINK ETF #TradingTournament