I’m looking at $ICP differently after comparing it with the broader altcoin rotation.
During the mid-August move, $ICP gained around 7.56%, but that was modest compared with several other major altcoins.
The more interesting part was $ICP/$BTC.
Between August 17 and 23, the ratio fell around 11.4%, while $XRP/$BTC jumped roughly 23%.
That tells me something simple: capital was rotating into some altcoins, but $ICP wasn’t really participating.
So the $2–$3 range starts looking less like a strong accumulation base and more like continued relative weakness.
And with $ICP still more than 99% below its ATH, I’m not seeing enough relative strength yet to turn bullish.
Would you treat this weakness as an opportunity or a warning?
During the mid-August move, $ICP gained around 7.56%, but that was modest compared with several other major altcoins.
The more interesting part was $ICP/$BTC.
Between August 17 and 23, the ratio fell around 11.4%, while $XRP/$BTC jumped roughly 23%.
That tells me something simple: capital was rotating into some altcoins, but $ICP wasn’t really participating.
So the $2–$3 range starts looking less like a strong accumulation base and more like continued relative weakness.
And with $ICP still more than 99% below its ATH, I’m not seeing enough relative strength yet to turn bullish.
Would you treat this weakness as an opportunity or a warning?
