LINK falls below $12: Favourable Information from ETF can't stop market panic selling.

TokenomicsTrapper

2025-12-01 17:20:20

[Coin World] LINK has recently experienced a significant fall. Although there are reports from Grayscale about converting the closed-end LINK trust into an ETF—some analysts say trading could begin this week—it can't withstand the pullback happening across the entire crypto market, and good news can't counteract the downward trend.

In the past 24 hours, LINK has directly plunged below $12, with a drop of over 11%. What's even more outrageous is that the trading volume has exploded, with a turnover of 7.14 million coins, soaring 280% compared to the daily average, clearly indicating that panic selling is occurring. On the technical side, the support level at $13 has already been breached, and now the price has slid to around $11.94, making the trend look quite bearish.

The positive news from the ETF meets the market's sharp fall, this wave is a classic script of “good news outstripped by bad news.”

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MergeConflict

· 2h ago

Favourable Information can't save it, which shows the market is really panicking. It's the same old trick; as soon as the ETF news comes out, it plummets, hilarious. 7.14 million coins dumped, is this the rhythm to clean out retail investors? Support all broken, are short positions going to da moon? Or is it a buy the dip opportunity... not quite sure. The market is so fierce, even high-quality coins are useless.

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StakeWhisperer

· 16h ago

Favourable Information can't save us, the market is all for nothing when it pulls back --- 7.14 million coins dumped, this panic selling is a bit harsh --- Once the support is broken, you have to run, don't wait for the rebound --- What about the ETF news? Still falling, it's hilarious --- This wave is indeed quite bearish, a bit scary --- Trading Volume surged 280%, clearly a Cut Loss situation --- Can we buy the dip at over 11 bucks, or will it continue to fall? --- Good news can't hold back, retail investors are panicking --- Grayscale's news is nonsense, it can't hold up at all --- The $13 defense line is gone, next we are looking at $11.

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RektRecorder

· 17h ago

Damn, it's this routine again, even favourable information can't save LINK from its current decline. --- 7.14 million coins dumped, someone really got scared. --- Grayscale's ETF news can't hold back, indicating that this round of decline is truly a psychological breakdown. --- After breaking the $13 support, there's no bottom left, now everyone is betting on where it can stop. --- A typical "fully priced-in good news means unfavourable information", when the market falls, good news is useless. --- Trading volume surged by 280%, this is obviously panic selling going crazy. --- Damn, even the ETF can't save it, LINK is really going to die. --- It's over 11 bucks, how much lower can it go... so exhausting. --- Once the market breaks down, the whole zone is doomed, LINK is just the sacrificial item in this wave. --- With such explosive trading volume, you can tell how panicked the market is, they don't want to hold at all.

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AirdropHunter9000

· 17h ago

This ETF news can't save LINK, once the market starts selling with bearish market, any favourable information is pointless. The panic selling is really crazy, this trading volume is completely in the rhythm of dumping. If it can't hold $12, it seems it needs to drop to single digits to stabilize. Fully priced-in good news leads to Unfavourable Information, this saying is too accurate, it's always this pattern. Trading volume of 7.14 million surged by 280%, isn't this retail investors running away? All support levels have been broken, the bears are currently too strong, not even trusting a rebound. LINK might break a major technical level this time, without a substantial favourable information, it can't be saved.

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NFTArtisanHQ

· 17h ago

ngl the grayscale etf narrative just got deconstructed in real time... this is what happens when institutional frameworks collide with market sentiment, no?

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ser_ngmi

· 17h ago

Those who buy at this time are all brave, I'm just a coward trying to hide.

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GasFeeSobber