Chainlink Leverage Rebuilds Amid $200 Target for 2030

Chainlink (LINK) has seen its leverage rebuild above pre-crash levels despite its price remaining about 57% lower than before.

The amount of LINK-denominated open interest has climbed to approximately 29 million tokens, surpassing the pre-crash level.

Standard Chartered initiated coverage on Chainlink with a $200 target for 2030, citing the network's potential role in tokenized assets, oracle data, and cross-chain infrastructure.

The buildup of persistently positive funding suggests that the leverage is long-biased, increasing the potential for forced liquidations if LINK's spot price declines.