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Chainlink (LINK) Holds $8 Support as ETF Buying Streak Continues

by TokenaltcoinMarch 1, 202600



Chainlink

Chainlink (LINK) has recorded another week of inflows into the U.S. spot ETFs, recorded on Monday, marking one of the longest periods of accumulation among the mid-cap cryptos. According to market data, The token held the key support level amid the overall market consolidation phase.

The inflows came at a period of subdued volatility in the major cryptocurrencies. The sustained ETF inflows, whale action, and the tightening price structure could shape the next significant move for the coin. 

Steady ETF Inflows Strengthen LINK’s Market Position

These developments thus altered the market outlook as investors reacted to the performance of the cryptocurrency against key technical levels.

The institutions’ sentiment remains clear in the market. The spot Chainlink ETFs recorded continuous inflows since December 2025. The inflows had not witnessed any outflows during the same period.

The inflows varied between $2 million and $5 million every week. The funds currently hold approximately 1.26% of LINK’s total market capitalization.


Source: SoSoValue

The lack of outflows thus indicated the accumulation strategy adopted by the institutions. Continuous accumulation does not often make significant market headlines but is important for the underlying market structure. 

Continuous inflows make the cryptocurrency less sensitive to volatility and make the price respond to directional triggers.

As of press time, LINK is trading at $8.60. It has declined by 2.03% in the last 24 hours. However, the trading volume has surged to $745.75 million, up 68.21%. The total market capitalization is at $6.08 billion, down 2.09%.

Source: CoinMarketCap

Also Read: Chainlink Bears Dominate As $9 Supply Wall Rejects Recovery Attempt

LINK Price Compresses Within Key Range

Analyst CryptoPulse highlighted that the price of the coin token still maintains a bearish trend in the daily chart. Selling pressure has continued in the previous sessions as the price consolidates in a rectangle pattern. Support sits at $8.00, with resistance at $9.20.

Source: X

Traders continue to use the structure for tactical entries. Short positions appear near resistance, while long positions build near support. This approach reduces exposure to unpredictable swings while the market awaits direction from a clear technical break.

Derivatives Metrics Reflect Cautious Market Sentiment

CoinGlass data shows that trading volume decreased by 7.57% to $540.22 million. Open interest fell 2.06% to $357.99 million. The OI-weighted funding rate stands at 0.0027%. These readings indicated cautious sentiment among leveraged traders and limited directional conviction.

Source: CoinGlass

ETF inflows, whale accumulation, and stable technical boundaries place cryptocurrency at a potential turning point. Traders now wait for confirmation from price action rather than speculation.

Also Read: Hyperliquid Surges 12% as Whale Buys $4 Million HYPE Tokens



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