---
title: "Why did Chainlink drop 4.3% on October 22, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/chainlink/2026-10-22"
date: 2026-10-22
---

# Why did Chainlink drop 4.3% on October 22, 2026?

On October 22, 2026 (UTC), LINK went from about $12.51 to $11.96 (-4.34%) on OKX · USDT, trading between $11.78 and $12.62. For the closed-hour 24h window: LINK largely moved with the market. LINK fell further than this on 5 of the past 29 days. No LINK report was published here that day; the cause is unresolved.

- Day open / close: $12.51 → $11.96 (24 hourly candles, OKX · USDT)
- Day range: $11.78 – $12.62
- Versus Bitcoin: -4.34% / BTC -3.19%; +1.2 pts left after BTC × its hourly beta 1.74
- Versus the past month: 5 of the past 29 days fell further; Closed-hour 24h move -4.34%, 1.9× its prior 30-day median of 2.3%.
- 30-day range: 24.2% below the high · 3.7% above the low; From hourly highs and lows on the same venue
- Other tracked coins: 15 of 16 moved the same way; 1 moved the other way
- 24h volume: 0.5×; of its prior 30-day daily average
- Perpetual swap: funding near zero · open interest flat; OKX perpetual swap LINK-USDT-SWAP

Computed from OKX · USDT hourly candles for the 24 hours to 23/10/2026, 00:00 UTC.

Prices, market readings and reports are shown side by side; timing alone does not show what caused a move.

[Chainlink (LINK) price and news](<https://whycoinmoves.com/en/coins/chainlink>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)