TLDR
- Chainlink ranked No. 4 in Fortune’s Crypto 100 for 2026 in the Blockchains and Protocols category.
- The U.S. government transferred 98,590 LINK worth ~$768,000 from seized FTX/Alameda wallets to Coinbase Prime, raising sell pressure concerns.
- Despite those concerns, 72.31% of Binance traders held long positions, with a Long/Short Ratio of 2.61.
- LINK was trading around $7.78, rebounding from a June low of $7.34, with resistance at $9.80 and $10.85.
- Short liquidations outpaced long liquidations roughly 11-to-1, suggesting short sellers faced the most pressure during the rebound.
Chainlink (LINK) has had a busy week. A prestigious industry ranking landed alongside a government-linked token transfer that rattled some traders — but the bulls held firm.
Fortune Magazine named Chainlink No. 4 in its Crypto 100 list for 2026. The project was placed in the Blockchains and Protocols category, recognizing its role as a core piece of blockchain infrastructure.
JUST IN: Chainlink ranked #4 in Blockchain & Protocols on @FortuneMagazine’s Crypto 100 list.https://t.co/bydssFxaz6
— Chainlink (@chainlink) June 11, 2026
Chainlink was founded by Sergey Nazarov and Steve Ellis. It provides decentralized oracle services, which connect smart contracts to real-world data like market prices and external events.
Its Cross-Chain Interoperability Protocol (CCIP) allows assets and data to move between different blockchain networks. Partnerships with SWIFT, Mastercard, and Intercontinental Exchange have helped demonstrate real-world use for the technology.
The Fortune ranking reflects growing recognition that infrastructure projects — not just consumer apps — are central to the blockchain industry.
Government Transfer Raises Sell Concerns
Market attention shifted when the U.S. government moved 98,590 LINK, worth roughly $768,000, from wallets tied to seized FTX/Alameda assets to Coinbase Prime.
Coinbase Prime is frequently used for institutional selling, which led some traders to worry about added sell pressure hitting the market.
The transfer was a small fraction of LINK’s circulating supply, but government-linked movements have historically influenced market sentiment.
Traders Stayed Bullish Despite the Noise
Binance’s Top Trader Long/Short Ratio reached 2.61, with 72.31% of accounts holding long positions. Only 27.69% were short.
That imbalance showed traders continued to bet on a recovery even after weeks of price weakness.
Short liquidations totaled roughly $57,270 in the latest session, compared to just $5,040 in long liquidations. On Binance alone, short liquidations hit $38,350 versus $3,930 for longs.
The heavy short liquidation data pointed to short sellers being caught off-guard as LINK rebounded from its June lows.
Price Levels to Watch
At the time of writing, LINK was trading around $7.78. That came after buyers stepped in near the June low of $7.34.
The daily chart showed the asset recovering toward $7.95, a key support level from a multi-month consolidation zone. Resistance sits at $9.80, with a larger ceiling around $10.85.
The Relative Strength Index (RSI) recovered to 35.70 after briefly nearing oversold territory. While still below the neutral 50 level, the improvement suggested bearish pressure had eased.
If buyers continue holding the $7.34–$7.95 zone, LINK could push toward higher resistance levels.
The combination of the Fortune ranking, recovering RSI, and bullish trader positioning gives LINK a notable week heading into mid-June 2026.
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