Chainlink drops 7.19% despite institutional partnerships
Chainlink (LINK)
Editor:
Eugene Serbin
tradersunion.com reports that Chainlink (LINK) fell 7.19% due to persistent short-term selling pressure, even as institutional adoption advances. The price slipped below the 20-day moving average at $11.72 but remains above the 50-day ($10.22) and 200-day ($9.14) averages. Chainlink announced a partnership with Bottomline to connect off-chain banking infrastructure for over 600 global banks to multiple blockchains.
The protocol’s Cross-Chain Interoperability Protocol has integrated with Robinhood, Coinbase/Base, Aave, Wyoming's stablecoin initiative, and the U.S. Commerce Department. Institutional interest is evident in net inflows to US spot LINK ETF products exceeding $150 million by mid-September. LINK’s co-founder will also speak at a Federal Reserve Bank of Philadelphia conference on digital asset regulation.
Near-term resistance sits at $11.12, with immediate support at $10.8. Price action faces resistance from the Ichimoku Kijun at $12.03. Momentum indicators show mixed signals, with MACD and ADI forecasting a 'Buy' to 'Strong Buy' stance. The RSI reads 54.35, while the Stochastic RSI is at 19.47, indicating an oversold intraday condition.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 15 September 2026. Not the outlet's figures.
Whalio data shows LINK trading at $11.52, with a 1-hour buy ratio of 55.4% contrasting with a 4-hour ratio of 47.6%. The 24-hour buy ratio sits at 51.3%, suggesting a slight edge for buyers over the longer timeframe compared to the immediate 4-hour dip. Volume delta for the hour is positive at +$107,277, indicating net buying pressure in the short term. However, the 4-hour volume delta is negative at -$440,979, showing that selling pressure has dominated the medium-term flow. Over 24 hours, the net volume delta is +$542,773, while the Cumulative Volume Delta (CVD) closed at -$991,389, highlighting a divergence between total volume and net directional flow. This indicates that while recent hours saw buying, the broader session has been characterized by net selling.
The latest daily buy ratio of 49.4% sits at the 56th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for LINK, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.5%, making today's 24-hour ratio of 51.3% slightly higher by 1.7 points. Spot volume today was $21,443,000, which is 0.70x the weekly average, indicating lighter trading activity. Only 3 of the past 7 days saw net buying, and the 8-day price change was -9.6%. The total volume delta for the 8-day period was -$1,257,465, confirming a trend of net selling pressure over the week. This day represents a minor stabilization in buying ratio but continues the broader weekly downtrend with below-average volume.