Chainlink (LINK) is exhibiting a cautious approach as funding rate movement indicates reduced leverage pressure across derivatives markets. While the price of LINK trades near crucial support, intraday action shows soft rebounds and controlled selling activity. The structure of LINK is closely tied to Bitcoin’s performance, with traders tracking trendline pressures into early December. LINK currently operates within a compressed environment as traders assess muted funding conditions, fading downside momentum, and cautious intraday buying. This market displays reduced leverage pressure while price movement remains near an important support zone following recent declines.