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Crypto Express

07/09 07:24

Traders show interest in shorting LINK

Traders show interest in shorting LINK 

As of the 8th of July, traders appeared to have a bearish market outlook, betting heavily, per on-chain analytics tool CoinGlass.

Traders were over-leveraged at $12.99 on the lower side (support) and $13.83 on the upper side, levels where strong interest has been observed.

On-chain data showed that traders have built $5.87 million worth of long positions and $8.64 million worth of short positions. Thus, LINK was currently bearish and looked poised for a price drop.image-2025-07-08T172248.003-768x273.png

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