LINK Hits $11.241 Daily High Amidst Market Uncertainty
Chainlink (LINK)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Chainlink has broken out to a new daily high of $11.241. This price level surpasses the previous peak of $11.217, marking a distinct move while most other altcoins traded sideways. Traders are closely monitoring this breakout as a potential signal for upward momentum.
The broader cryptocurrency market is currently showing mixed signals with varying momentum across major assets. Chainlink’s price action has drawn significant attention for reaching this new intraday peak. This development occurs during a period of uncertain macroeconomic conditions.
These conditions may have influenced both trading behavior and overall investor sentiment. The report notes a lack of volume data, suggesting the move might be occurring on thin flow. This absence of volume data prompts traders to assess the sustainability of the rally. Market participants are evaluating the implications of this price movement relative to overall trends.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 3 September 2026. Not the outlet's figures.
Whalio spot data shows LINK trading at $11.12, with a 1-hour buy ratio of 45.6% and a 4-hour buy ratio of 53.6%. The 24-hour buy ratio sits at 42.7%, indicating that buying pressure is currently fading compared to the shorter-term 4-hour timeframe. Volume delta reflects this shift, showing a net outflow of -$59,776 in the last hour against a net inflow of +$386,742 over the past four hours. A positive volume delta means buyers are executing more trades at the ask price, while a negative delta indicates sellers are more aggressive. The 24-hour cumulative volume delta closed at -$1,422,317, confirming that sellers dominated the day's flow overall. Despite this, spot volume remained robust at $25,664,824 with 299,563 trades recorded in the last 24 hours.
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 buy ratio averaged 49.5%, making today's 24-hour ratio of 42.7% notably lower by 6.8 percentage points. Volume relative to the weekly average was 0.98x, showing nearly identical activity levels. The coin experienced a price change of -4.3% over the eight-day period, with a total volume delta of -$6,239,575. Net buying days totaled only 2 out of 7, suggesting this is an unusual period of sustained selling pressure. The current 24-hour sell dominance aligns with the weekly trend of negative volume delta and limited net buying days.