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Chainlink (LINK) drops 5.48% in 4 hours to $11.10 amid heavy long position liquidations

Market News
30 Oct 2026, 00:49 WIB
Tokenpost
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Bearish
Chainlink (LINK) drops 5.48% in 4 hours to $11.10 amid heavy long position liquidations

Chainlink (LINK) experienced a 5.48% price decline over four hours, falling to $11.10 as of 5:45 p.m. ET on October 29. The drop included a $0.64 decrease within that period and a 6.25% decline over 24 hours. Significant liquidations occurred, with $590,000 in long positions and $30,000 in short positions liquidated across Binance, Bybit, and OKX, indicating stronger selling pressure on longs. Chainlink's market cap stood at approximately $8.63 billion, ranking it 17th among cryptocurrencies by market size, highlighting its notable presence despite recent price weakness.

Chainlink trades at Rp201.552 on Pluang as of Oct 30, 2026 05:02 WIB, down 6.45% in one day. Its market cap on Pluang is Rp152,18 trillion, with a 24-hour trading volume of Rp7,49 trillion. Sell orders dominate at 58%, while typical holding time is 63 days, showing active trading despite recent price drops.

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