Chainlink ($LINK) Surges With ETF Inflows, Accumulation Support

• Chainlink ($LINK) rose to around $9.30, supported by steady ETF inflows nearing $98 million and consistent institutional demand.
• On-chain data shows over 2 million $LINK moved off exchanges, signaling accumulation and reduced selling pressure.
• Strong support near $8.70 keeps bullish structure intact, with potential upside toward the $10 level.

Chainlink ($LINK) has extended its recent upward move, and is trading near $9.30 after posting a gain of roughly 2.5% over the past 24 hours. The crypto outran Bitcoin during the same period, which affirms its stronger demand and steady buying interest across the market.

The most recent price movement seems to be closely tied to ongoing inflows into Chainlink-linked ETFs. US spot ETFs tracking $LINK recorded inflows of around $165,000, according to these latest figures, and boosted cumulative flows to nearly $98 million.

Chainlink ($LINK) Rally Continues

ETF inflows have become a key indicator for market sentiment. The steady addition of funds into the ETF has been a significant contributor to building people’s confidence in Chainlink, not least because we are getting people’s attention outside of retail. Such inflows, analysts say, can often transform into genuine demand for the token, which can hold up the price over the long term.

Beyond ETF activity, on-chain data suggests a bigger trend. Long-term holders and large investors have been steadily accumulating $LINK. Over the past month, more than 2 million tokens have moved off exchanges, which reduces the amount of readily available supply. A notable portion of this shift occurred in the past week alone.

At the same time, the number of wallets holding significant amounts of $LINK has increased.

Addresses with balances above 10,000 cryptos have also steadily expanded, suggesting that larger investors are accumulating large positions. Such a pattern often tells investors, some of whom are not as price-sensitive as others, that they have conviction. Additionally, Chainlink is still closely associated with the story of artificial intelligence in crypto markets.

$LINK gained from better visibility and volume as the trend of interest in AI-linked projects has increased. Among the crypto trends, it ranks as one of the most active trendsetters in this segment on social data. From a technical perspective, Chainlink is still operating in an upward trending channel that has been developing since early February. The price recently rebounded from the lower edge of that range, so people are starting to step in closer to support levels.

One area where demand has not varied dramatically is the $8.70 to $8.88 zone. If the price stays above this price range, the next target rests closer to $10.08, where it meets the upper limit of the channel. A move above the recent high of around $9.30 would strengthen the case for further upward movement.

On the downside, if the price breaks down below $8.57 then the current structure could become weaker and pave a way for lower levels to come after. Chainlink’s continued growth is also reflected in the development side of the ecosystem. The latest updates report multiple integrations of its technology across blockchain networks.

One notable integration involves Vyro Finance, which has adopted Chainlink’s Smart Value Recapture system to support its stablecoin infrastructure. Moreover, S&P Global partnered with Chainlink to publish stablecoin risk ratings directly on the chain.

Amundi, Europe’s largest asset manager with €2.3 trillion under management, too, has entered the tokenized fund market with a $100 million launch by using Chainlink. The Spiko Amundi Overnight Swap Fund (SAFO) went live Thursday on Ethereum and Stellar.

The fund uses Chainlink for automated NAV reporting and cross-chain interoperability, bringing a traditional finance standard of data accuracy to a product that runs 24/7 on public blockchains.

Also Read: Chainlink Price Surges 7% Amid Market Rally, Will $LINK Hit $9.50 Soon?

Source