$ICP spot成交 still increased by 170%, but active buying dropped to 48.0%.
Price rose 9.1% over 24 hours; the total volume suggests attention and turnover are still there. However, active buying has weakened from 53.9% in the previous window. The unrealized value of perpetual open interest still increased by 11.0%, and the funding rate returned to positive. The trend continues, but it lacks a buy-side follow-through to confirm the move.
If two consecutive 1H candles close above 3.064 USD, and active buying returns to 53% or above, then the spot move will be confirmed again. If price breaks below 2.85 USD along with a 10% decline in open interest/position, then the market will shift toward a positioning ebb.
#ICP #现货成交 #market structure
Price rose 9.1% over 24 hours; the total volume suggests attention and turnover are still there. However, active buying has weakened from 53.9% in the previous window. The unrealized value of perpetual open interest still increased by 11.0%, and the funding rate returned to positive. The trend continues, but it lacks a buy-side follow-through to confirm the move.
If two consecutive 1H candles close above 3.064 USD, and active buying returns to 53% or above, then the spot move will be confirmed again. If price breaks below 2.85 USD along with a 10% decline in open interest/position, then the market will shift toward a positioning ebb.
#ICP #现货成交 #market structure
