🔍 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 entering the market, not exiting.

Additionally, the Long/Short ratio shows that retail leans towards Short, while whales are still holding Long – fitting the “retail is skeptical, whales are accumulating” pattern.

ICP is currently in an accumulation – price pinning – sell absorption phase.

This is not yet a distribution phase, nor is it a breakout phase. The price will only really surge when:
• Funding rises quickly,
• Taker Buy dominates,
• Price decisively breaks the 3.85 – 3.90 USDT range.

👉 Heavy selling doesn’t mean a crash – it could be “stealth accumulation.” As long as BTC remains stable.