Chainlink falls 7.3% in 24 hours… open interest down 11.6%
Original headline체인링크 24시간 7.3% 하락…미결제약정 11.6% 감소
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Chainlink’s LINK token fell 7.3% over 24 hours while its futures open interest dropped 11.6%, according to Coinalyze data cited by AMBCrypto. Funding rates compiled by CoinGlass remained slightly positive but close to zero, indicating longs still pay shorts, though the near-zero level suggests speculative positioning has cooled. The simultaneous price and open-interest decline points to deleveraging in LINK derivatives rather than fresh short buildup. Traders should watch whether funding flips negative and whether open interest stabilizes, which would signal the unwind is ending.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
LINK (LINK), Chainlink (LINK), AMBCrypto, CoinGlass, Coinalyze
A linked name opens that asset's sentiment page.