Market makers just pulled a significant liquidity pocket at the $3.23 level. Meanwhile, ICP shorts got liquidated at a 5x rate compared to longs during today's trading session. Despite these liquidations across the board, the bulk of liquidity disappeared from the market regardless.

What's interesting here is the mechanics behind it. In earlier analysis, I've detailed how major players orchestrate order book movements using substantial "fake" buy and sell walls. It's a classic tactic: stack massive orders to create illusion of demand or supply, then pull them when retail traders react. The game is always about finding where stop-losses cluster and price discovery points exist.

ICP's liquidation imbalance today is telling. A 5x difference between shorts and longs suggests someone was reading the tape perfectly—or more likely, was orchestrating price movement to trigger specific levels. Once those liquidity pools vanish, retail gets caught holding bags while the smart money exits clean.