Chainlink Surges on Bottomline Deal as Bitcoin Stalls
Chainlink (LINK)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Bitcoin has dipped below $80,000, down 1% after a strong August, while Chainlink (LINK) rose 6.8% to $13.64 in the last 24 hours. This rally follows a partnership between Chainlink and Bottomline, a major SWIFT services provider that serves over 1,200 financial institutions. Bottomline will use Chainlink’s Cross-Chain Interoperability Protocol and Chainlink Runtime Environment to connect its systems to public and private blockchains.
Banks will continue sending standard ISO 20022 messages, with Chainlink acting as the underlying connector rather than a replacement. The deal builds on previous tests where SWIFT moved tokenized assets onto Ethereum’s Sepolia testnet with institutions like Citi and BNY Mellon. Standard Chartered recently cited Chainlink’s $110 billion in secured value when setting a $200 price target for LINK by 2030.
Additionally, Charles Schwab announced plans to expand its retail crypto trading to include Solana, Avalanche, and Chainlink. Open interest in LINK contracts reached an 11-month high of $784 million during this surge. Meanwhile, Bitcoin faces resistance near $82,000 and trades below its 50-week moving average near $81,000. Traders are now watching inflation data and the Federal Reserve’s September 16 rate decision for further direction.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 8 September 2026. Not the outlet's figures.
Whalio’s spot data shows LINK trading at $12.75 with a 24-hour buy ratio of 50.4%, indicating a slight majority of buyers. However, shorter-term pressure is weaker, with buy ratios dropping to 45.9% over 4 hours and 41.5% over the last hour. This decline suggests that immediate buying momentum is fading compared to the daily average. The 24-hour volume delta is positive at $550,290, meaning more money flowed into buys than sells over the full day. In contrast, the 1-hour volume delta is negative at -$164,571, showing that recent trades have favored sellers. This divergence indicates that while the day remains net positive, short-term traders are currently taking profits or selling into the rally.
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, LINK saw a 7-day average buy ratio of 50.5%, which is nearly identical to the current 24-hour reading of 50.4%. This stability in buying pressure contrasts with the recent intraday weakening seen in the 1-hour and 4-hour charts. Volume for the day was 1.69 times the weekly average, indicating significantly higher activity than usual. The coin gained 12.6% over the past eight days, driven by a total volume delta of $5,801,271. While today’s volume spike is notable, the consistent buy ratio suggests the underlying demand structure remains steady compared to the previous week.