What is happening w/ Chainlink (LINK)?

[pjvperes]

Chainlink price is falling more than other altcoins.

Is there any reason for this?

[bitkanu]

People were starting to selling their link. TBh this coin looks very over valued at this moment dude. The bearish trend was a common thing but you can try to see how much the liquidity on the market. if there would be more liquidity and that means there were more pressures from the holders to sell their link to the market. As far as i can see that there's no bad news about chainlink but people are starting to dump their stash to the market.

[Yogee]

Chainlink price is falling more than other altcoins.

How much did it drop when you posted this? This is just another day in trading and Link is reacting to the BTC price action. The drop of 5% in the last 24H  is almost the same with other altcoins when I checked Coingecko.

[Silver80]

I'm sorry to hear about coin link, which is down more than any other altcoin, this is a habit because many people are selling it at the same time.

[DeathAngel]

Sometimes there isn’t a real reason, it’s just people buying & selling. This time though, I think people are converting back to bitcoin because I think it’s about to make a big upwards move.