The price of Chainlink (LINK) is showing signs of a breakout due to the upcoming launch of its spot exchange-traded funds (ETFs) by companies like Grayscale and Bitwise. These launches are expected to spark significant institutional investment, driving bullish sentiment in the cryptocurrency market. 📈 Chainlink’s price has been experiencing momentum fueled by this anticipation. The rising demand for LINK from institutions is a clear indication of their confidence in the project’s future. This is supported by increased buying activity from whales – large investors who have accumulated significant amounts of LINK, and a reduction in supply on exchanges, indicating less selling pressure.