- Bitwise announces LINK ETF, signaling growing institutional interest in Chainlink.
- LINK stabilizes above $13 after recent retracement, building short-term momentum.
- Liquidity cluster near $15 and ETF inflows suggest potential price target in near future.
Chainlink — LINK, has captured attention after Bitwise announced plans to launch a LINK-focused ETF called CLINK. This move signals that institutional interest in LINK is becoming more concrete, stepping beyond speculation. Recent market activity also hints that the token is building momentum after a mild retracement. With price stabilizing and capital flowing into LINK ETFs, traders are beginning to watch the $15 level closely, which could act as the next major target.
Institutional Interest Strengthens
Bitwise’s announcement confirms that demand for LINK extends beyond a single issuer. Grayscale first tested the market with GLINK in mid-December, showing solid interest. Now, with Bitwise entering the space, the appetite for LINK among institutions appears deeper and more sustained. This adds credibility to the token, suggesting that LINK is attracting serious money rather than short-term retail speculation.
Timing also favors LINK. The token recently dipped to fill a market imbalance near $13 on the daily chart. Rather than triggering panic, this retracement stabilized the price structure. Buyers returned quietly, and the dip appears to have acted as a reset instead of a breakdown. LINK’s ability to maintain above the imbalance zone indicates that the market remains confident in the token’s near-term prospects.
ETF inflows support the positive momentum. Grayscale’s LINK ETF recorded roughly $63 million in inflows over the past 24 hours. This level of capital movement is notable in a market currently selective about where money flows. At the same time, LINK’s Open Interest has climbed to over 250 million, reflecting growing institutional positioning and rising derivatives activity.
LINK Approaches the $15 Zone
Liquidity analysis provides further insight into potential price movement. At present, a liquidity cluster worth $1.2 million remains unmitigated near $15. These clusters often act as magnets for price when momentum builds. Traders position themselves around these levels in anticipation of volatility, which may draw LINK closer to this target. The ETF expansion also brings additional benefits, including increased credibility, broader access, and deeper liquidity.
LINK’s recent price stabilization and network activity suggest momentum is building from the $13 imbalance zone. If price holds above this level, continued ETF inflows and rising derivatives interest could fuel further rallies.Traders should watch the reclaimed imbalance zone closely. Holding above $13 maintains a bullish structure and supports confidence in short-term upward movement. Breaking below the zone could temper momentum and slow the advance toward $15.
Conversely, sustained inflows and growing institutional interest could push LINK toward that supply cluster quickly, making the $15 level a realistic near-term target.Chainlink now stands at a key moment. Institutional ETFs, rising derivatives, and technical structure all point to potential upside. With price holding above support and liquidity waiting near $15, the token could experience increased activity.
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