NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Funding for Chainlink Rocketed Following Latest Rally; Time for a Pullback?

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Chainlink (LINK)

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink’s price has been bearing witness to some immense volatility throughout the past few days and weeks, with buyers propelling it towards $14.00 yesterday while the entire DeFi sector saw some explosive momentum.

However, the token is now facing some intense selling pressure, with the entire crypto market starting to turn lower as buyers struggle to maintain the momentum seen throughout the past couple of days.

This market-wide downturn comes as Bitcoin breaks below $15,000, which has far-reaching implications for the aggregated market.

ETH is also trending lower, losing its $450 support level and declining towards $430. It is important to note that both Ethereum and most DeFi blue chips are still trading well-above their recent lows.

YFI, for instance, rallied from lows of $7,500 to highs of $18,000 before losing its momentum and declining all the way down to $12,000 – where it is currently trading at.

This market-wide downturn has struck a blow to LINK’s ascent, but the token could still be well-positioned to see a strong rebound when the market conditions shift back into buyers’ favor.

One analyst is pointing to Chainlink’s high funding rates as one reason why it may see a sustained pullback in the short-term.

Chainlink Reels Following Massive Multi-Day Uptrend

At the time of writing, Chainlink is trading down over 2% at its current price of $11.80. This is around the price at which it has been trading throughout the past few days.

It does mark a decline from its overnight highs of nearly $14.00 that were briefly tapped when the aggregated market surged on the heels of YFI’s move from $7,500 to $18,000.

The intensity of this rally created a tailwind for all Ethereum-based altcoins that reside within the DeFi sector, but Bitcoin’s plunge below $15,000 today has struck a blow to this momentum.

LINK Funding Rates Rocket Following Latest Rally

One factor that could be driving this ongoing Chainlink downswing is the high funding rates that have come about due to this rally – something mused by an analyst in a recent tweet.

“Funding has now hit and the rate is still 0.1198% which is incredibly high. I think macro link has legs but for now it needs to retrace a little to even it out a bit. It’s just too crowded at the moment. The last omega run up on link funding was actually negative and flat,” he explained.

High funding means that the number of long-positions far outweigh the number of short-positions, making it a crowded trade.

Featured image from Unsplash.
Pricing data from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Chainlink price

Chainlink Price Continues To Struggle Below $15 — Levels To Watch

The Chainlink price has impressed at times this year, but it has struggled to mount a sustained bullish run over...

Opeyemi Sule 3 weeks ago
Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Chainlink (LINK) is trading at $13.36, following a 3% drop in the past 24 hours, which places the altcoin approximately...

Samuel Edyme 3 weeks ago
Chainlink Consolidates Above Key Support – Bulls Eye $20 Range

Chainlink Consolidates Above Key Support – Bulls Eye $20 Range

Chainlink (LINK) has been locked in a consolidation phase since early March, following a prolonged period of bearish price action...

Sebastian Villafuerte 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Chainlink Sees Heavy Accumulation – Whales Add 8M LINK In One Month

Chainlink Sees Heavy Accumulation – Whales Add 8M LINK In One Month

Sebastian Villafuerte 6 days ago
Chainlink

Chainlink Bullish Trigger: Why $16 Holds The Key To The Next Rally

Godspower Owie 1 week ago
Chainlink

Chainlink Uptrend Weakening As Signs Of Fatigue Emerge: Why $14.20 Is Important

Godspower Owie 2 weeks ago

Premium Sponsors

Press Releases

  • Vyplatí se v roce 2025 investovat do Bitcoin Hyper?

    Vyplatí se v roce 2025 investovat do Bitcoin Hyper?

    1 day ago
  • Čo Kupujú Krypto Paviány po Úspešnom Týždni pre Krypto v USA

    Čo Kupujú Krypto Paviány po Úspešnom Týždni pre...

    1 day ago
  • Какво Купуват Крипто Бабуните...

    1 day ago
  • Vyplatí se v roce 2025 investovat do Bitcoin Hyper?

    ...

    1 day ago
  • 仮想通貨おすすめ:2010年のビットコインのような人生を変えるリターンを期待できる次世代ビットコインレイヤー2プロジェクトとは?

    ...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.