A massive short squeeze in the futures market is the likely reason behind Chainlink (LINK) price surging by 52% on Saturday.
Source: https://cointelegraph.com/news/massive-short-squeeze-prompts-chainlink-link-price-to-rally-52
Massive Short Squeeze Prompts Chainlink (LINK) Price to Rally 52%
August 9, 2020
CoinTelegraph