Chainlink sees $2.27M 10x long position as LINK breaks channel and targets $9.60 resistance

A new wallet has opened a 10x leveraged long worth about $2.27M on 251,798 Chainlink tokens, with liquidation set near $6.5547, underscoring strong directional conviction. LINK has now broken out of a descending channel, is trading around $9 with support near $8.45, and faces key resistance at $9.60 while derivatives data show Binance’s top traders and recent short liquidations skewed toward the bullish side.