Grayscale: Acquires $1.53M LINK for GLNK ETF

Grayscale purchased another 132.95K $LINK worth $1.53M for its $GLNK ETF via Coinbase Prime, bringing total holdings to 10.66M LINK and AUM to roughly $124.16M.

Price action on the 4h chart shows LINK trading at $12.05 inside the Bollinger Bands with upper resistance at $12.25. With RSI at 83.36 flashing overbought and MACD holding a golden cross at 0.6, a healthy retracement toward the EMA50 support at $10.08 looks probable before any continuation higher.

Institutional accumulation like this often shapes LINK price prediction models while crypto ETF flows and Grayscale LINK holdings updates drive positioning ahead of broader moves.