{"id":626939,"date":"2026-08-21T11:00:27","date_gmt":"2026-08-21T15:00:27","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=626939"},"modified":"2026-08-21T06:43:27","modified_gmt":"2026-08-21T10:43:27","slug":"chainlink-primed-for-12-next-link-buybacks-and-etf-demand-hint-at","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/chainlink-primed-for-12-next-link-buybacks-and-etf-demand-hint-at\/","title":{"rendered":"Chainlink primed for $12 next? LINK buybacks and ETF demand hint at\u2026"},"content":{"rendered":"<p>Despite heavy Exchange Inflows, recurring buybacks and Bitwise ETF purchases supported Chainlink\u2019s two-day 15% rally.<\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/x.com\/Nazo_ku\/status\/2090470740676231538\"><span style=\"font-weight: 400;\">Chainlink\u00a0<\/span><\/a><span style=\"font-weight: 400;\"><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><a href=\"https:\/\/x.com\/Nazo_ku\/status\/2090470740676231538\" target=\"_blank\" rel=\"noopener\">buyback\u00a0<\/a>added<\/span> another demand source and reduced LINK\u2019s available supply.\u00a0<\/span>The protocol purchased 103,041 LINK for about $1.09 million during the week.<\/p>\n<p><span style=\"font-weight: 400;\">Although higher prices reduced the LINK acquired, weekly spending remained near $1 million. Therefore, recurring purchases continued to remove available tokens as Chainlink appreciated sharply.<\/span><\/p>\n<p>Institutional activity added another demand source through continued Bitwise Chainlink ETF purchases.<\/p>\n<p><span style=\"font-weight: 400;\">Bitwise <a href=\"https:\/\/x.com\/Nazo_ku\/status\/2090470740676231538?s=20\">purchased<\/a> more than 127,000 LINK worth approximately $1.36 million through Wintermute.\u00a0<\/span><\/p>\n<p>Together, protocol buybacks and Bitwise ETF purchases created two demand channels during LINK\u2019s 15% advance. However, these flows must offset rising Exchange Inflows, likely driven by profit-taking from short-term traders.<\/p>\n<h2>Can Chainlink demand offset Exchange Inflows?<\/h2>\n<p>Despite stronger institutional demand, LINK\u2019s Spot Netflow reached $4.83 million on the 21st of August.<\/p>\n<p><span style=\"font-weight: 400;\">The net inflow marked a notable reversal from the predominantly negative readings visible across previous periods.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result, more LINK entered exchanges while buybacks and ETF accumulation removed supply elsewhere.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such opposing flows provided a significant test for the rally\u2019s durability. Demand was boosted by institutional sales, while exchange deposits added to the supply immediately available for selling.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the $4.83 million inflow exceeded Chainlink\u2019s latest $1.09 million weekly buyback in size.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from the periodic purchases by the protocol, however, ETF purchases are another source of absorption.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Continued inflows could therefore weaken supply tightening if they consistently outweighed those demand channels in the coming sessions.<\/span><\/p>\n<figure id=\"attachment_626944\" aria-describedby=\"caption-attachment-626944\" style=\"width: 1007px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-080120.png\"><img decoding=\"async\" class=\"size-full wp-image-626944\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-080120.png\" alt=\"\" width=\"1007\" height=\"268\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-080120.png 1007w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-080120-300x80.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-080120-768x204.png 768w\" sizes=\"(max-width: 1007px) 100vw, 1007px\" \/><\/a><figcaption id=\"caption-attachment-626944\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<h2><b>Derivatives traders retreat during LINK\u2019s rally<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While spot activity introduced supply pressure, derivatives participation cooled during LINK\u2019s rapid price rally.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the two-day rally, traders reduced activity, with derivatives volume falling by 30.65% to $788.53 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Open Interest also declined 4.45% to $686.14 million rather than expanding alongside the token\u2019s rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Importantly, this contraction separated the recovery from a leverage-driven expansion across derivatives markets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead, LINK advanced while outstanding leveraged positions decreased, leaving institutional and spot activity more important for continuation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the falling Open Interest provided limited evidence of new speculative activity to aid the breakout.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The weakness may be balanced out by sustained buying of the tokens by the ETFs and buybacks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, the falling derivative participation left the rally increasingly dependent on continued spot absorption and sustained buying.<\/span><\/p>\n<figure id=\"attachment_626945\" aria-describedby=\"caption-attachment-626945\" style=\"width: 1022px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-102155.png\"><img decoding=\"async\" class=\"size-full wp-image-626945\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-102155.png\" alt=\"\" width=\"1022\" height=\"224\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-102155.png 1022w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-102155-300x66.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-21-102155-768x168.png 768w\" sizes=\"(max-width: 1022px) 100vw, 1022px\" \/><\/a><figcaption id=\"caption-attachment-626945\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<h2><b>Breakout reaches an overheated technical test<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">After clearing resistance around $9.537, LINK broke above the $10.693 supply zone. <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/chainlink-price-prediction\/\"><span style=\"font-weight: 400;\">Chainlink [LINK]<\/span><\/a><span style=\"font-weight: 400;\"> cleared resistance around $9.537 and broke above the $10.693 supply zone.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price then reached approximately $10.91, placing the recovery above a previously contested area.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, at press time, the RSI had surged to 82.87, pushing deeply into overbought territory following the rapid advance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, MACD strengthened the bullish technical structure behind the breakout.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The MACD line at\u00a0 0.576 had crossed above its signal line at 0.344.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its histogram held positive near 0.233, supporting continued upside strength despite the overbought RSI reading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, holding above $10.693 would keep $12.00 accessible as the next major resistance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Alternatively, a rejection may re-direct the trend towards $9.537 while the $8.778 level provides another lower support.<\/span><\/p>\n<figure id=\"attachment_626942\" aria-describedby=\"caption-attachment-626942\" style=\"width: 1195px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LINKUSDT_2026-08-21_07-59-41.png\"><img decoding=\"async\" class=\"size-full wp-image-626942\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LINKUSDT_2026-08-21_07-59-41.png\" alt=\"LINK price action\" width=\"1195\" height=\"755\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LINKUSDT_2026-08-21_07-59-41.png 1195w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LINKUSDT_2026-08-21_07-59-41-300x190.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LINKUSDT_2026-08-21_07-59-41-1024x647.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LINKUSDT_2026-08-21_07-59-41-768x485.png 768w\" sizes=\"(max-width: 1195px) 100vw, 1195px\" \/><\/a><figcaption id=\"caption-attachment-626942\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<h2><b>Final Summary<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">LINK\u2019s 15% rally has strengthened as ETF purchases and recurring buybacks support demand.<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">Rising exchange inflows and overbought RSI could challenge LINK\u2019s push toward $12.<\/span><\/i><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s buybacks and Bitwise ETF purchases strengthen demand as LINK breaks $10.69 resistance.<\/p>\n","protected":false},"author":103,"featured_media":626950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6380,66,4,20],"tags":[6427],"class_list":["post-626939","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chainlink-news","category-new-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chainlink primed for $12 next? 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LINK buybacks and ETF demand hint at\u2026 - AMBCrypto","description":"Despite huge exchange inflows, Chainlink's two-day 15% surge continued to strengthen due to frequent buybacks and Bitwise ETF purchases.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/chainlink-primed-for-12-next-link-buybacks-and-etf-demand-hint-at\/","og_locale":"en_US","og_type":"article","og_title":"Chainlink primed for $12 next? 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