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#Chainlink (LINK) has been hovering around $10 for several days, reflecting a 25.91% decline over the past month.
Amid heightened market volatility, holders remain hopeful for a recovery. However, futures traders appear to be betting on a different outcome.
negative Funding Rate indicates dominance by short positions, with broader expectations of a price decline.
Previously, the market’s average position was long. However, as shown in recent data, traders briefly shifted toward shorts between August 14 and 15. During this period, LINK’s price dropped from $10.72 to $9.93 before experiencing a slight rebound.
