Chainlink (LINK) is currently consolidating below $10, down 2.5% over the past 24 hours. Overall market sentiment is putting pressure on the price trend. On-chain data shows that LINK is being accumulated, with the number of wallets holding more than 1000 LINK reaching a multi-month high of 25,000. Meanwhile, inflows into the US Chainlink ETF have pushed total assets to approximately $93.7 million, indicating that institutional investors maintain steady interest in the platform. Despite bullish fundamentals, macroeconomic uncertainties and cautious capital flows may delay a significant breakout in the short term.

LINK-3,37%

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