In the same line of pricing feeds, Chainlink confirmed a collaboration with CF Benchmarks. The partnership will facilitate the rollout of a Bitcoin interest rates benchmark called CF Bitcoin Interest Rate Curve for a variety of securities.
The latter traded at $7.52 at press time and was trading 3.2% lower than its price of 30 September. Furthermore, its 30 September price of $7.69 was after the altcoin witnessed a 9.65% retracement from its weekly top.The pullback happened after LINK retested its 0.236 Fibonacci level towards mid-week. An unsurprising outcome after the 30% upside it achieved from its previous week’s lows.
Its realized cap also more than doubled in the last four weeks from as low as 7.23 million to as high as 18.22 million. The mean dollar invested age metric also registered an uptick after a sharp crash in mid-September. This observation confirmed that investors have been accumulating for the last two weeks.Well, LINK’s price action indicates a shift towards short-term profits after every short period of accumulation.