- Since August 2025, the Chainlink price has witnessed a steady correction trend within the formation of a falling channel pattern.
- The DTCC has recently added the Chainlink ETF to its eligibility list, signaling its readiness and operational preparedness for launch.
- Today, the Chainlink Reserve accumulated 74,049.24 LINK, bringing its current reserve size to 803,388 LINK, worth approximately $11.7 million.
LINK, the native cryptocurrency of the decentralized oracle network Chainlink, plunged over 3% to trade at $14.7. The sharp sell-off aligns with a broader market pullback as Bitcoin slips below $100,000 for the second time this month. However, the Chainlink price is nearing a key support level, and the growing speculation for its spot ETF launch this year could bolster its reversal opportunities.
DTCC Adds Chainlink ETF to Active Pre-Launch List
Bitwise Asset Management’s proposed spot Chainlink ETF has been listed on the Depository Trust & Clearing Corporation (DTCC) registry as CLNK. This development puts the fund in the “active and pre-launch” category, indicating operational readiness for trading, clearing, and settlement once approved by the US Securities and Exchange Commission (SEC).
The DTCC routinely lists ETFs ahead of their debut, underscoring the altcoins’ path to mainstream legitimacy. Bitwise submitted the S-1 registration for the fund in August 2025, which details a passively managed fund that tracks the price of the cryptocurrency Chainlink (LINK) via the CME CF Chainlink-Dollar Reference Rate.
The ETF would give investors seamless exposure to LINK—the native token of the decentralized oracle network of Chainlink—without having to worry about direct crypto custody challenges. However, the firm has not yet submitted the vital form 8-A, a final filing that in most cases precedes launch by days.
While DTCC does not guarantee SEC approval, it signals that the ETF is operationally prepared for launch with infrastructure ready for trading.
Adding to the bullishness, the Chainlink Reserve has bought an additional 74,049.24 LINK today, despite a continued correction in the broader market. Following this accumulation, Chainlink’s current reserve size has reached 803,388 LINK, worth approximately $11.7 million.
The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK using off-chain revenue from large enterprises adopting Chainlink and on-chain revenue from service usage.
The reserve, funded by off-chain enterprise revenue and on-chain service fees, supports long-term network growth by reinvesting ecosystem earnings without selling tokens.
Chainlink Price Is Nearing a Major Support For Reversal
Over the past 4 days, the Chainlink price has plunged from $16.8 to the current trading price of $14.61, registering a 14% loss. This pullback, when analyzed in the daily time frame chart, shows a continued correction within the formation of a falling channel pattern.
Since late August 2025, the coin price has been actively resonating between the pattern’s two downsloping trendlines, which act as a dynamic resistance and support for traders. If the bearish momentum continues, the coin price could plunge another 11.5% to test the bottom trendline around $12.77.
The recent history of the pattern shows that a price retest to the lower boundary has bolstered a renewed recovery in this altcoin. If materialized, the Chainlink price could rebound to the $17.5 mark to rechallenge the channel resistance.
However, with a bearish alignment between the daily exponential moving averages (20, 50, 100, and 200), the broader market sentiment for LINK is bearish. Thus, the coin price faces a potential risk of support trendline breakdown and prolonged downtrend ahead.
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