CryptoNAI
🔍 ICP: Heavy Selling but Price Doesn’t Drop – What’s Happening?
In the past 24 hours, ICP has seen overwhelming selling volume and large net outflows. However, the price has been moving sideways around the 3.65–3.72 USDT range without any sharp drop. This is a very noteworthy phenomenon.
3 important signals:
• Positive Funding Rate (~0.008%) → The market still leans slightly toward the Long side, not Short-driven price suppression.
• Heavy Taker Sell but price holds support → There is strong Buy absorption below.
• Open Interest increases + price moves sideways → New money is still enterin
View OriginalIn the past 24 hours, ICP has seen overwhelming selling volume and large net outflows. However, the price has been moving sideways around the 3.65–3.72 USDT range without any sharp drop. This is a very noteworthy phenomenon.
3 important signals:
• Positive Funding Rate (~0.008%) → The market still leans slightly toward the Long side, not Short-driven price suppression.
• Heavy Taker Sell but price holds support → There is strong Buy absorption below.
• Open Interest increases + price moves sideways → New money is still enterin