Chainlink slips below $11 after 22% sell-off – Can LINK bulls defend THIS zone?

ambcrypto2026-02-01 tarihinde yayınlandı2026-02-01 tarihinde güncellendi

Özet

Chainlink (LINK) experienced a sharp 22% sell-off in late January 2026, breaking below its key $10.6–$11.75 support zone and causing its RSI to hit multi-year lows. The decline occurred amid a broader crypto market downturn. Despite the price weakness, on-chain data showed persistent buying interest, with the Taker Buy Dominant metric remaining high, suggesting accumulation by institutional investors. Liquidity clusters were identified near $12, which could serve as a potential stabilization zone. Additionally, the surge in LINK's Total Supply in Loss to around 400 million tokens has historically preceded market bottoms, indicating a potential price reversal may be near.

Chainlink fell 22% in the final days of January 2026, raising questions about the durability of its multi-month uptrend.

The sell-off decisively broke the $10.6–$11.75 support zone, a range that had held since mid-November 2025 and aligned with key Fibonacci Retracement levels.

That breakdown coincided with LINK’s Relative Strength Index (RSI) dropping to its lowest level since 2022.

The move unfolded alongside a broader market drawdown, as Bitcoin fell below $85,000, amplifying risk-off pressure across altcoins.

Even so, the decline forced traders to reassess whether the move marked capitulation or the start of a deeper correction.

Taker buying persisted despite price weakness

According to CryptoQuant data, despite Chainlink’s [LINK] sharp drop to $13 in November 2025, the Taker Buy Dominant metric stayed elevated, reflecting relentless buying pressure. That said, institutional investors saw LINK as undervalued, which fueled continued accumulation even as prices fell.

This ongoing buying interest clearly showed that Chainlink’s potential wasn’t being overlooked.

Liquidity built near $12 as downside slows

CoinGlass Liquidation Heatmaps highlighted dense liquidity clusters between $12 and $13 during the late-January sell-off. Price repeatedly interacted with this zone before stabilizing near the lower end of the range.

A reclaim above $11 could attract liquidity-seeking flows and force short-covering, potentially opening a path back toward $13. Until then, sellers retained control of the broader trend.

Supply in loss surged toward historical extremes

According to Glassnode analysts, the total supply of LINK in loss surged to around 400 million. This spike indicates that a large portion of LINK holders are currently underwater.

Historically, spikes in this metric have been precursors to market bottoms and subsequent recoveries.

For instance, during the 2022 market downturn, a similar surge in Total Supply in Loss preceded a strong price rebound.

Given that Chainlink remains a crucial infrastructure component with strong utility in the blockchain ecosystem, these signs point to a nearing bottom. Could LINK’s price soon reverse?


Final Thoughts

  • Despite Chainlink breaking below the $11 support zone, Spot Taker CVD remained buy-dominant.
  • Total Supply in Loss climbed toward 400 million LINK, placing a large share of holders underwater.

İlgili Sorular

QWhat was the key support zone that Chainlink broke during the sell-off, and why was it significant?

AThe key support zone was $10.6–$11.75. It was significant because it had held since mid-November 2025 and aligned with key Fibonacci Retracement levels.

QWhat on-chain metric suggested persistent buying pressure for LINK despite the price drop?

AThe Taker Buy Dominant metric from CryptoQuant stayed elevated, reflecting relentless buying pressure and suggesting institutional investors saw LINK as undervalued.

QAccording to the liquidation heatmaps, which price zone had dense liquidity clusters that could influence a potential rebound?

ACoinGlass Liquidation Heatmaps highlighted dense liquidity clusters between $12 and $13, where price repeatedly interacted before stabilizing.

QWhat does a surge in the 'Total Supply in Loss' metric historically indicate for the market, according to the article?

AHistorically, spikes in the 'Total Supply in Loss' metric have been precursors to market bottoms and subsequent recoveries, as seen during the 2022 downturn.

QWhat broader market event amplified the selling pressure on altcoins like Chainlink?

AThe broader market drawdown, where Bitcoin fell below $85,000, amplified risk-off pressure across altcoins.

İlgili Okumalar

Warsh Hearing Concludes: What Are the Notable Signals for the Crypto Industry?

The Senate Banking Committee held a confirmation hearing for Judy Shelton, a Federal Reserve nominee, who faced intense questioning regarding her ability to maintain the central bank's independence amid pressure from President Trump to lower interest rates. Shelton denied any pre-arranged commitments on rate cuts and emphasized her independence, though Democrats remained skeptical, citing contradictions with Trump's public statements. Shelton characterized post-pandemic inflation as a major policy failure and called for a "regime change" in the Fed’s approach, including reforms to inflation measurement and communication strategies. She criticized the current practice of Fed officials frequently signaling future rate moves and did not commit to maintaining post-meeting press conferences, suggesting potential reductions in transparency. Regarding crypto markets, Shelton’s extensive investments in digital asset companies—including Solana, DeFi, and blockchain infrastructure—were noted, though she has pledged to divest these holdings due to ethics rules. Her familiarity with the crypto industry and deregulatory leanings may signal a more open, though cautious, stance toward digital assets. However, concerns were raised about potential conflicts of interest, especially given Trump family involvement in crypto-financial ventures. The timing of her confirmation remains uncertain, pending a Justice Department investigation into current Chair Powell. Shelton’s potential leadership could lead to a more hawkish, productivity-focused Fed with tighter policy communication—factors that may significantly influence liquidity conditions and macro narratives for crypto markets.

marsbit6 saat önce

Warsh Hearing Concludes: What Are the Notable Signals for the Crypto Industry?

marsbit6 saat önce

İşlemler

Spot
Futures

Popüler Makaleler

LINK Nasıl Satın Alınır

HTX.com’a hoş geldiniz! ChainLink (LINK) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında ChainLink (LINK) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: ChainLink (LINK) Varlıklarınızı SaklayınChainLink (LINK) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: ChainLink (LINK) Varlıklarınızla İşlem YapınHTX'in spot piyasasında ChainLink (LINK) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

838 Toplam GörüntülenmeYayınlanma 2024.12.13Güncellenme 2025.03.21

LINK Nasıl Satın Alınır

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların LINK (LINK) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.

活动图片