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BTC 
LINK Chainlink (LINK) rose 8% to US$9.56 on August 15, with positions climbing 16%. Bitwise ETF inflows reaching US$1.5 million, and analysts forecast a target price of US$20.
Key Points
LINK has risen 15% in the past week as derivatives trading activity accelerates.
Positions reached US$694.39 million, and futures trading volume surged 123.4%, or approximately US$1 billion.
Bitwise's Chainlink ETF attracts approximately US$1.5 million in weekly inflows.
Chainlink derivatives
Chainlink's rise was accompanied by a sharp increase in futures trading activity. Coinglass data showed trading volume rose 123.4% to approximately US$1 billion, and open positions increased 16% to US$694.39 million. Traders expanded LINK's open positions amid market volatility, but did not provide option data. Spot performance also strengthened, with LINK rising 15% in seven days, reaching a market value of approximately US$7.15 billion. The token outperformed several large-cap assets, while Bitcoin (BTC) traded around $63000 during the overall market consolidation. [TAG
Chainlink Outlook
Additionally, Bitwise's Chainlink ETF attracts approximately $1.5 million in weekly inflows, demonstrating investor demand for LINK's regulated exposure without directly holding tokens. Hunter Horsley, CEO of Bitwise, noted that investor interest in Chainlink's role in on-chain finance is growing. Chainlink connects blockchain applications with external market data and financial systems.
On the four-hour chart, LINK prices are near the top of the rising channel, with the Relative Strength Index at 60 and Cai Jin money flow at 0.18. If it breaks through $10, it may look towards $10.50 and $11; if it is rejected, the token may fall back to $9.50 and then test the $9 support area.
Analysts quoted in thereport predicted that LINK could eventually reach US$20, but did not give a specific time frame, and the target is still well above the current resistance level.
This latest trend is a 15% weekly rebound in LINK after overall volatility in the cryptocurrency market depressed prices. The next test is whether stronger derivative positions and ETF demand can push tokens above $10 rather than allowing the August 15 rally to become a temporary rebound.
