The cryptocurrency market experienced notable volatility in 2025, and Chainlink’s price action highlighted the ongoing conversation surrounding oracle reliability and short-term outlooks. A faulty update on May 30th caused an intraday crash in LINK, leading to losses exceeding $532,000 within just 180 seconds. This incident sparked concerns about the scalability of decentralized oracles and led to a sharp 7.77% decline in LINK’s value, bringing its price down to $14.54. Despite this downturn, optimistic indicators suggest that Chainlink could be poised for a rebound in the coming years. On-chain metrics now show a shift towards short positions, signaling potential for a short squeeze that could push LINK prices higher.