Looking at LINK's m30 frame, it is very hard to deny that the structure is mirroring almost exactly like BTC and ETH. The sharp drop, deep shakeout, and then a controlled bounce, and currently it is moving sideways tiredly. This is not LINK's own strength, but a sign that it is being tightly locked into the overall cash flow.
When the market enters a deleveraging phase, major altcoins like LINK are usually not allowed to deviate. Whales do not trade individually at this time; they accumulate according to baskets. The danger is that retail sees LINK weaker than BTC a bit and hastily concludes incorrectly. T
many cycles ago, LINK often lagged behind and then compensated. The most similar phase is usually the phase before differentiation.
LINKUSDT
Perp
8.397
+0.33%