Ethereum liquidated short positions below $3,600 after briefly dropping to $3,200. Over $10 billion in ETH liquidity now sits between $3,600 and $4,500, creating conditions for a potential short squeeze. Whale accumulation and institutional buying have increased during the recent price decline.

Chainlink's reserve account acquired 78,250 LINK tokens valued at $1.1 million in its largest single purchase to date. The additions brought total reserves to 729,338 LINK worth $10.8 million. Social sentiment for the oracle platform reached a three-year high while LINK traded near $14, creating a bullish divergence that historically precedes price reversals.

The 1inch token surged 29% after the project's investment fund acquired $5 million worth of tokens on Binance at $0.15, according to Arkham data. Network activity intensified as transactions rose from 1,000 to 4,800 within 24 hours and active addresses increased from 324 to 551. The token encountered resistance at $0.20, with gains moderating to 17% at press time.

Dogecoin fell nearly 8% in 24 hours as bearish sentiment intensified. The cryptocurrency faces critical support at $0.18, with analysts warning that a sustained break below this level could trigger a decline toward $0.07. Approximately 28.28 billion DOGE tokens, representing roughly 18% of total supply, were previously accumulated at the $0.07 level.