Chainlink’s native token LINK is once again at the centre of market attention following a groundbreaking partnership between Botanix Labs and Chainlink to launch a Bitcoin Layer 2 mainnet. The move not only expands Chainlink’s reach into Bitcoin’s ecosystem but also raises crucial questions for traders wondering whether LINK’s price will finally break out of its prolonged stagnation. Chainlink and Botanix join hands to reshape Bitcoin L2 future Botanix Labs has officially launched its Bitcoin Layer 2 mainnet, powered by Chainlink’s oracle and interoperability technology. Botanix | Mainnet LIVE 🟢 @BotanixLabs · Follow Botanix is now live on mainnet, built for the next era of the Bitcoin Economy, and powered by @Chainlink from day one.Chainlink CCIP brings secure cross-chain messaging and programmable token transfers.Chainlink Data Feeds + Streams deliver the data layer for low-latency, Watch on Twitter View replies 11:00 PM · Jul 3, 2025 186 Reply Copy link Read 14 replies This new blockchain network introduces Ethereum-style programmability to Bitcoin while drastically improving speed, with block times reduced from 10 minutes to just 5 seconds. With transaction fees as low as $0.02 and full EVM compatibility, the platform launched with over 40 applications, including decentralized exchanges, lending protocols, and staking solutions. Chainlink’s decentralized oracle network plays a central role in Botanix’s infrastructure, offering real-time data feeds and secure off-chain computation for DeFi applications. Additionally, the Chainlink Cross-Chain Interoperability Protocol (CCIP) enables seamless connectivity between Botanix and other blockchains, particularly Ethereum. Botanix’s participation in the Chainlink SCALE program further enhances its access to Oracle services, accelerating developer adoption and ecosystem growth. Spiderchain adds security to Bitcoin DeFi At the core of Botanix’s security is a novel architecture called Spiderchain , which uses a mesh of multisig wallets and randomly selected BTC-staked nodes. Unlike other Layer 2 solutions that rely on custodians or centralized bridges, Spiderchain keeps user funds natively on Bitcoin, aligning with Bitcoin’s principles of self-custody and decentralization. Currently operated by 16 independent node operators — including Galaxy, Fireblocks, and Antpool — Spiderchain aims to expand to over 100 operators by 2026, ensuring the network’s long-term resilience. This innovative security model not only boosts confidence in the Botanix ecosystem but also places Chainlink’s infrastructure at the centre of Bitcoin’s evolving DeFi narrative. LINK price is stuck in accumulation Despite the strength of this partnership, LINK continues to hover between $12 and $15, reflecting a prolonged period of sideways movement in 2025. CryptoQuant analyst, Banker , attributes this stagnation to a standoff between aggressive whale accumulation and retail disinterest, with whales consistently withdrawing over 100,000 LINK per week from exchanges. Exchange reserves have fallen by 40% year-to-date, while on-chain metrics show flat active address counts and stagnant daily transaction volumes. Wallets holding between 100,000 and 1 million LINK now control over 85 million tokens, the highest accumulation level since late 2022. This accumulation suggests that whales are positioning for a breakout, yet the absence of retail participation continues to suppress short-term momentum. Technical analysis points to a potential Chainlink price breakout The LINK chart reflects a coiled pattern, with narrowing Bollinger Bands indicating that a significant move may be imminent. LINK is currently trading just above its 10-day and 20-day moving averages but remains below its 100-day and 200-day lines, which signals hesitancy in long-term positioning. The immediate resistance level is at $14.11, while $13.08 serves as short-term support. Should LINK break above $14.10 with strong volume, it could climb toward the $15 level and possibly retest the $16.77 and $18 resistance zones. A push above the Fibonacci level at $15.64 may open the path toward $18.56, with further upside toward $23.29 and $28.02 if momentum builds. Conversely, if LINK dips below $13, it risks a retreat to $12.50 and potentially further downside to $10.91 or even $9 in the worst-case scenario. Retail participation remains the missing piece While institutional behaviour shows bullish intent, retail investors have yet to reengage with LINK despite major partnerships with Mastercard and the xStocks Alliance. These developments position Chainlink as a key player in tokenized assets and crypto payment infrastructure, but the lack of retail demand has kept prices grounded. Analysts argue that holding above the $12 support level keeps the breakout narrative alive, but a true rally will likely require renewed interest from smaller investors. Until then, LINK’s price is caught between strong accumulation from whales and apathy from the broader market. The Botanix partnership offers a major long-term catalyst, but in the short term, traders must watch for signs of volume and volatility to confirm any breakout. The post LINK price forecast as Botanix Labs partners with Chainlink appeared first on Invezz
