Get Ready: Bitwise’s LINK ETF Could Send Chainlink Soaring to $15! 🚀💸

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So, Bitwise just dropped a bombshell announcing their very own Chainlink ETF, and they’re calling it CLINK. 🤔 I mean, what’s next? A crypto cereal called “Bitcoin Crunch”? 🥣

This announcement is basically waving a big ol’ flag that says “Hey, institutional investors are actually interested in LINK now!” No more wild speculation, folks! It’s getting realer than my attempts at adulting. 😅

Grayscale was the OG with its GLINK product back in mid-December, but now Bitwise is stepping in like it’s the new kid in school who’s already cooler than everyone else. And yes, the appetite for LINK is clearly deeper than just one trendy issuer. 🍽️

Perfect timing for the launch

Timing is everything, people! LINK recently pulled back just enough to fill a long-standing market imbalance around the $13 level. Talk about making a dramatic entrance! 🎉

But instead of causing a panic akin to finding out your favorite show got canceled, this little dip seems to have steadied the ship. Buyers are sneaking back in, and guess what? Prices are gaining momentum! It’s like they’re on a treadmill-getting fit, not falling off. 💪

LINK ETFs still record significant inflows

And let’s talk inflows, people! Grayscale’s LINK ETF has racked up about $63 million in inflows in just 24 hours. That’s like finding money in your couch cushions but better! 🛋️💰

With so much cash moving around, it’s hard to ignore, especially in a market that’s been pickier than a toddler at dinner time. 😒

Meanwhile, LINK’s Open Interest is climbing like it’s training for a marathon. It surged to 250.578 million overnight. Yes, you heard that right-no sleep for LINK enthusiasts! 🏃‍♀️

Liquidity cluster at $15 remains unmitigated

Now, let’s throw some liquidity data into the mix. There’s a juicy liquidity cluster worth $1.2 million chilling near the $15 price zone. It’s like a magnet for prices when momentum picks up. 💥

As we’ve seen before, these levels can pull traders in like a moth to a flame. With LINK stabilizing above $13, it’s starting to look like $15 might just be the next stop on this wild ride! 🎢

What’s next for LINK?

Bringing an ETF to the party means more credibility and accessibility, like adding a cool DJ to your boring family reunion. 🎶 LINK’s recent price actions are aligning nicely, building momentum from that key imbalance around $13.

But hold your horses! This momentum needs some confirmation. LINK has to stay above that reclaimed imbalance zone if it wants to maintain a bullish structure. No pressure! 💁‍♀️

If it manages to do that, we could see ETF inflows and rising derivatives interest fueling some serious rallies. It’s like watching a rocket launch, but with less fire and more charts! 🚀

Final Thoughts

  • Institutional interest in LINK is heating up, thanks to Bitwise’s ETF launch and Grayscale’s already impressive inflows.
  • The token price structure is looking pretty good as long as it hangs out above $13. Keep those fingers crossed! 🙏

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2026-01-13 16:44