LINK leverage level returns to pre crash level, derivative holdings show increased bullish sentiment

The leverage level of LINK has returned to pre crash levels, but prices have not yet rebounded. The holdings of token denominated derivatives (OI) are approximately 29 million LINK, exceeding the level on October 9th. The holdings in US dollars are approximately 279 million US dollars, lower than the pre crash level of 555 million US dollars. The funding rate continues to be positive, and the increase in holdings is biased towards long positions. Currently, the holdings are still below the peak of approximately 34 million LINK in August 2025. （Santiment）