Chainlink Sees Surge in Institutional Demand Amid Strong ETF Inflows
Chainlink (LINK) has seen significant institutional demand in recent times, with LINK-focused ETFs recording their highest daily net inflows in four months at $3.63 million on Thursday.
This influx of capital signals a direct rise in investor interest and liquidity, acting as a primary driver for the cryptocurrency's recent price momentum.
Nethermind has shifted its cross-chain node operations to Chainlink's Cross-Chain Interoperability Protocol (CCIP), while the Wyoming Stable Token Commission migrated its Frontier Stable Token infrastructure to CCIP after a security review.
On the technical side, LINK/USD trades with short and medium-term positive momentum, but mixed signals from various indicators make it difficult to predict the next move.
The expected trading range for the next three days is between $11.17 and $12.55, with a 65% probability of further upside and a 35% chance of downside risk.