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Chainlink LINK: $2.27M 10X Long Bet Defies Bearish Technical Charts

Chainlink LINK: $2.27M 10X Long Bet Defies Bearish Technical Charts

Author:

Global Cryptocurrency

Published:

2026-03-15 20:04:11

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Chainlink LINK News -

A newly created wallet has placed a $2.27 million leveraged long position on Chainlink (LINK), signaling potential market-moving activity. The 10x leveraged bet, acquiring 251,798 tokens, carries a liquidation price of $6.5547—a sharp drop could trigger automatic closure and amplify volatility. Lookonchain data suggests this could be either aggressive speculation or algorithmic positioning ahead of a potential bullish breakout.

Meanwhile, LINK's technical chart paints a contrasting picture. Trading at $9.03, the asset remains below all key moving averages (50-day, 100-day, 200-day), with resistance firm at the 20-day EMA. The Ichimoku Cloud confirms bearish pressure, trapping price action between $8.40 and $9.60. Such divergence between on-chain activity and technicals often precedes heightened volatility, creating a high-stakes scenario for both bulls and bears.

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