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Chainlink drops 11.5% amid Binance wallet outflows and $600M liquidations, despite positive project news.

30 Oct 2026, 09:31 WIB
CryptoTicker
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Bearish
Chainlink drops 11.5% amid Binance wallet outflows and $600M liquidations, despite positive project news.

Chainlink's price fell 11.47% to $10.42 following unexplained $2.8 billion outflows from a Binance hot wallet and a wave of $590-$628 million forced liquidations on leveraged positions. This market-driven drop is amplified by altcoin sensitivity and liquidity, not project fundamentals. October saw positive developments like Chainlink's CustodySync launch, but no strong token demand yet. Recovery depends on renewed buying interest and resolution of Binance-related uncertainties.

Chainlink (LINK) is down 3.47% to Rp201.820 on Pluang as of Oct 30, 2026 13:41 WIB, showing a sharper decline than Bitcoin (BTC), which fell 2.48% to Rp1.424.011.000. Binance Coin (BNB) also dropped more steeply at 5.37%, while TRON (TRX) gained 0.55%. LINK's 75% circulating supply and a 58% sell order activity on Pluang highlight its current market pressure compared to BTC's 96% supply and 60% sell activity.

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