Chainlink reserves grow, yet LINK fails to break above $10: Why?

What: Chainlink reserves have grown, but the LINK price remains below $10.
Why: Bearish structure and liquidations continue to drive downside pressure, despite the accumulation of Chainlink reserves.
Signal: The growing reserves may be a sign of increasing adoption, but the current market conditions are not translating to price gains.
Target: A potential target for LINK price recovery could be around $8-$9, as it has been a key support level in the past.
Risk: The risk of further price declines remains high, as the bearish structure and liquidations continue to dominate the market.