Chainlink Stalls at $9.56 as Derivatives Bearishness Mounts

Chainlink's price has paused near $9.56 after gaining over 14% in the previous week, but derivatives traders are becoming increasingly bearish.

The long-to-short ratio of LINK's perpetual futures market stands at 0.76, indicating that short positions outnumber long positions, and the funding rate has turned negative, suggesting a bearish imbalance.

However, spot Chainlink ETFs recorded $2.07 million in net inflows on Monday, their largest single-day inflow since July 22, which could provide renewed institutional demand and support another attempt to move higher.