Chainlink Faces Deeper Losses as LINK Plunges 11% Against Bitcoin

Chainlink dropped 11.47% to $10.42, significantly underperforming Bitcoin's 5.15% decline. Unexplained $2.8 billion Binance wallet movements triggered uncertainty and leveraged liquidations. Lower liquidity and higher beta make LINK more vulnerable during broader crypto market sell-offs. LINK holders face mounting pressure after LINK suffered another sharp market decline. The cryptocurrency dropped 11.47% within 24 hours, reaching $10.42. Bitcoin lost just 5.15% during the same period. This growing gap highlights the risks facing altcoin investors during market sell-offs. However, the latest decline follows broader market uncertainty. Meanwhile, Chainlink's October developments offer a contrasting fundamental picture.