$ICP indicates momentum is rising vertically, but large holders’ positions have already been squeezed out. I’m cautiously bullish and won’t chase—06:00—07:00 lifted continuously from about 2.966 to a high around 3.061; around 07:00, it released volume of about 3.8× (about 1.15M U) and then closed on volume around 3.05; over the past 12 hours, positions are only up about +2.0%, fees about +0.010%. This looks more like a short-term push in price rather than a main breakout surge with widespread,疯狂加仓. Across the whole market, long accounts are about 56%, large-holder accounts about 65%, yet large holders’ positions are around 81.5%—accounts aren’t extreme, but the positioning side is already crowded. Spot daily is about 12.2M, and futures about 51.3M—there’s enough and it’s thick; don’t chase the knife right at the newly released high-volume peak.

For participation, first look for a pullback to digest: the 2.98—3.00 structure is still intact; only after it holds above 3.08—3.12 should we talk about further extension. If a 1-hour candle closes below 2.96, then the pricing-support structure from this momentum will be downgraded first.
#ICP #合约 #多空比 #short-term