The post 9% Drop Amid Crypto Selloff Despite Caliber’s $2M Purchase appeared on BitcoinEthereumNews.com. The native token of oracle network Chainlink LINK$16.91 fell sharply on Friday, dropping nearly 9% to $16.46, its weakest price since last Friday’s crypto crash. The pullback occurred amid concentrated selling pressure, particularly between 6:00 and 8:00 AM ET on Friday, CoinDesk Research’s analytics model noted. A brief recovery late in the session saw LINK modestly up 0.4% in the final hour, but not enough to offset earlier losses. Despite the steep decline, corporate interest in LINK appeared to be steady. Caliber Corporation (CWD), a Nasdaq-listed real estate investment firm, disclosed a $2 million LINK acquisition on Thursday. The purchase brought Caliber’s total LINK tally to 562,535, worth about $9.2 million at current prices. Meanwhile, the Chainlink Reserve added another 59,969 LINK to its holdings, bringing its holdings to 523,159 tokens. However, with an average cost basis of $21.98, the reserve remains deeply underwater, down over 34% from its entry point. On the tech front, Chainlink advanced its product roadmap with the launch of Data Streams on MegaETH, a high-speed blockchain optimized for real-time applications. The integration allows smart contracts to access live market data with sub-second latency, supporting DeFi use cases like perpetual swaps trading and stablecoins with centralized exchange-level speed. Technical Analysis Breakdown: Chainlink experienced a significant sell-off, falling from $18.07 to $16.46, representing a substantial 9% selloff with an overall trading range of $2.25. Critical institutional support emerged at the $15.72-$15.82 zone with strong volume confirmation, while resistance formed at $17.43 with multiple rejections throughout the trading session. LINK established new support level around $16.30-$16.35 as potential re-entry strategies. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/10/17/chainlink-s-link-plunges-9-as-intense-selling-overpowers-caliber-s-usd2m-accumulationThe post 9% Drop Amid Crypto Selloff Despite Caliber’s $2M Purchase appeared on BitcoinEthereumNews.com. The native token of oracle network Chainlink LINK$16.91 fell sharply on Friday, dropping nearly 9% to $16.46, its weakest price since last Friday’s crypto crash. The pullback occurred amid concentrated selling pressure, particularly between 6:00 and 8:00 AM ET on Friday, CoinDesk Research’s analytics model noted. A brief recovery late in the session saw LINK modestly up 0.4% in the final hour, but not enough to offset earlier losses. Despite the steep decline, corporate interest in LINK appeared to be steady. Caliber Corporation (CWD), a Nasdaq-listed real estate investment firm, disclosed a $2 million LINK acquisition on Thursday. The purchase brought Caliber’s total LINK tally to 562,535, worth about $9.2 million at current prices. Meanwhile, the Chainlink Reserve added another 59,969 LINK to its holdings, bringing its holdings to 523,159 tokens. However, with an average cost basis of $21.98, the reserve remains deeply underwater, down over 34% from its entry point. On the tech front, Chainlink advanced its product roadmap with the launch of Data Streams on MegaETH, a high-speed blockchain optimized for real-time applications. The integration allows smart contracts to access live market data with sub-second latency, supporting DeFi use cases like perpetual swaps trading and stablecoins with centralized exchange-level speed. Technical Analysis Breakdown: Chainlink experienced a significant sell-off, falling from $18.07 to $16.46, representing a substantial 9% selloff with an overall trading range of $2.25. Critical institutional support emerged at the $15.72-$15.82 zone with strong volume confirmation, while resistance formed at $17.43 with multiple rejections throughout the trading session. LINK established new support level around $16.30-$16.35 as potential re-entry strategies. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/10/17/chainlink-s-link-plunges-9-as-intense-selling-overpowers-caliber-s-usd2m-accumulation