LINK suffers another heavy blow: falling from $13.5 to $12.18, with long positions getting liquidated in large numbers.

SignatureVerifier

2025-12-02 10:00:18

[Coin World] LINK has recently been unable to hold on. A few days ago it was hovering around $13.4-13.5, and in the past two days it has directly dropped to around $12.18. The contract data shows that a large number of long positions have been liquidated, and the open interest now remains at about $225.5 million.

It's more evident from the daily chart—down 5.9% in a single day, and it can't firmly hold above the key resistance level. The technical indicators are also not optimistic, with both MACD and CMF operating in the negative zone, showing no signs of easing in the downward trend.

The current position is quite awkward. For a real reversal, LINK needs to climb back to the 15-16 USD range; otherwise, it's difficult to change the market sentiment. In the short term, there is still quite a bit of pressure on long positions.

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MerkleTreeHugger

· 11h ago

Here it comes again, it's this trap again, LINK really has no temper this time. The long positions have been forced out again, and this time it's pretty brutal. Can it be rescued at 15-16? How long do we have to wait?

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HodlKumamon

· 11h ago

It's this routine again, LINK is really falling hard, the long positions must be crying out in pain. --- The data does look quite bad, but I think 12 bucks is a position to start considering allocations slowly. --- Wait, 225.5 million in open interest? What does this represent? Has market confidence really collapsed, or is the good show just beginning? --- 15-16 dollars is the point where it can be considered a rebound, but how long will that take... In the short term, this stock really should just lie flat. --- MACD is running in the negative zone, and CMF isn't cooperating either. No wonder the long positions are in such a bad state; the rebound is probably going to take some time. --- Don't cut losses recklessly, everyone. Historical data tells us that when the fear index is extremely high, it often represents the best window for margin replenishment. --- Wow, a daily drop of 5.9%, this isn't just a small adjustment; this is serious dumping. --- I just want to ask, who is still buying the dip at 13.5? How's the mindset now, or are you still alive? --- According to the Kelly formula, this wave of risk exposure is a bit large. How about we just wait and see for now?

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FundingMartyr

· 11h ago

Here we go again, LINK really can’t move this time. It fell from 13.5 to 12.18, and the long positions have been played for suckers quite thoroughly, with the sounds of contracts getting liquidated all around. What about those who were shouting for a rebound just a couple of days ago? They’re probably eating dirt now. The technicals are a mess, the MACD has already crossed into a death cross, making this rebound extremely difficult. Don’t even think about bouncing back before hitting 15, this position is just a meat grinder. --- LINK is falling pretty hard, it feels like we are about to see a new round of playing people for suckers. This time, the long positions really have nowhere to go. --- I just want to ask, can we still buy the dip around 12, or do we have to keep falling to a new low for it to be the real bottom? --- Contract data shows that the long positions are dying, what does that mean? It means the short positions are about to go crazy. Whether we can stand above 13 this week is still debatable. --- Looking at this momentum, LINK cannot lift market sentiment without a support at 15. Entering the market now is like gambling on the bottom, playing with fire.

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SoliditySlayer

· 11h ago

Here we go again, LINK is really disappointing... Long positions really need to learn how to stop loss. --- From 13.5 falling to over 12, is anyone still buying the dip? I don't have the guts for that. --- Only 220 million is left unclosed, it seems the previous wave was hit pretty hard... --- Do we have to wait until who knows when to turn things around at 15-16 dollars? --- The MACD is all black, and still hoping for a rebound, that's a nice thought. --- There's not a single good outlook on the technical side, better not mess around in the short term. --- A 5.9% drop in the contract circle is a massacre, another wave of liquidation feast. --- If it can't stand firm, then it can't stand firm, don't make excuses for yourself.

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NFTregretter

· 11h ago

Again playing people for suckers, LINK this broken coin really is getting worse and worse. --- Long positions got liquidated again, serves you right, who told you not to listen to advice. --- Fell from 13.5 to over 12, this trend is incredible, it feels like it will continue to fall. --- The MACD negative zone is really uncomfortable, no hope for a rebound in the short term. --- Does it need to return to 15-16 to reverse? Dream on, the current atmosphere doesn't support it at all. --- The open interest has dropped so much, which shows that big funds have already run away. --- I just want to know who else is buying the dip, they really are brave. --- With the technicals collapsing like this and the liquidation data being so miserable, who still dares to touch it? --- Just a week’s time, the crypto world is like this, changing fate in minutes. --- Seeing long positions get liquidated makes me happy, serves you right.

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