Chainlink broke out of consolidation at $8.1 and jumped to $9.7 before cooling to around $9.5. Bitwise’s Chainlink ETF purchased 171,870 LINK worth $1.708 million from Coinbase and Wintermute, bringing its total holdings to 3.092 million LINK ($30 million). LINK Spot ETF net inflows reached $2.07 million on August 17, following $1.47 million the previous week. Exchange spot netflow turned negative at -$1.4 million, meaning more LINK left exchanges than entered. Technical indicators confirm bullish momentum with ADX at 30, +DI at 33, and Aroon Up at 78, suggesting LINK could reclaim the $10 resistance level if demand holds.
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