Chainlink Amplifies Its Global Presence as Reserves Erode, Paving the Way for a Structural Exit

MEVHunterX · 2026-01-13T08:47:05+00:00

The Chainlink ecosystem is expanding with integrations across 24 major blockchains, positioning LINK as a critical infrastructure in decentralized finance. Market dynamics are improving with reduced selling pressure, and price patterns suggest cautious optimism for potential rebounds. Institutional interest may rise with Grayscale's plans to convert GLNK into a spot ETF, potentially boosting investments.

MEVHunterX

2026-01-13 08:47:05

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The Chainlink ecosystem is experiencing remarkable growth with its integrations deployed on 24 major blockchain networks, including Ethereum, Solana, and Polygon. This proliferation of technological anchor points is part of an optimal design strategy aimed at consolidating LINK as a critical infrastructure for decentralized finance. The recent engagement with Circle’s Arc protocol illustrates this commitment to amplifying interoperable adoption.

On the supply side, market dynamics are improving significantly. Reserves held by exchanges have decreased from 200 million to 145.6 million LINK, signaling a substantial reduction in selling pressure. This approximately 27% contraction of tradable liquidity is a classic bearish indicator for the accumulation phase.

The price chart reveals a multigenerational symmetrical triangle pattern, with LINK currently testing the lower level around $17.50. With the current quote at $13.20 on January 13, the momentum remains cautious but positioned for structural rebounds. Critical levels are set at $16.57 as support and $21.80 as resistance, with traders watching for a possible correction down to $15 before considering a move toward $100.

Institutional interest is expected to intensify following Grayscale’s intention to convert the GLNK tracker into a spot exchange-traded fund. This potential regulatory approval would catalyze qualified investment inflows, amplifying the favorable valuation outlook for LINK.

LINK4,99%

ETH5,07%

SOL1,75%

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