GateUser-1f84753f

The $ICP Shorts continue fighting. Open Interest is still high. $436M in liquidation leverage is sitting at $2.6.

This week (Last 7D), Most Top Altcoins are outperforming $BTC: $DOT +18.54%📈 $NEAR +9.94%📈 $APT +6.25%📈 $LINK +5.09%📈 $ICP +5.08%📈 $SOL +5.06%📈 $ADA +4.93%📈 $LTC +3.94% 📈 $AVAX +3.86%📈 $ETH +2.69% 📈 $HBAR +1.79% 📈 $XRP +0.57% 📈 $TRX +0.46% 📈 $SUI +0.19% 📈 $XLM

The $ICP Community has spoken.

So far, the vast majority of the $ICP Community is in favor of Part 1 of Mission 70.

Part 1 of Mission 70 on $ICP is up for vote on the NNS

Part 1 of M70 will solely affect the cost of replicated subnet memory on $ICP (proposed increase by 2.5X) Computation and network cycle pricing should be subject to further review.

Part 1 of M70 is up for vote on the NNS $ICP = World Computer

Interesting. Seems like M70 will be split in multiple proposals. I am looking forward to the X space for more details. We need a detailed plan. This will be the most important proposal(s) since Genesis for $ICP.

The derivatives market dictates the tempo which is a clear sign of manipulation. I am not only referring to $ICP. This is applicable to the vast majority of the Altcoin market.

Just a matter of a couple of days at this point. This will be the most important proposal since Genesis for $ICP.

YTD, SOL covered only 1% of its expenses, while ETH covered just 1.8%. What about $ICP, NEAR, and FIL? In this video, I’ll focus on the money metrics of major blockchains.

The YTD $ICP balance on exchanges is down ~2M ICP, which makes sense given the drop from $2.9 to $2.2 in less than 2 months. Investors are accumulating at lower price levels. However, the long-term trend looks different. ICP is still inflationary, and exchange supply is

No wonder the Global Uncertainty Index is skyrocketing.

$ICP ⬆️

Longs are tired, Shorts are overconfident. Open interest on $ICP continues increasing while Leveraged Longs are getting Exhausted. ➡️Rising Open Interest may indicate expanding participation or increasing leverage exposure, with more contracts being opened than closed.

M70 marks a historical moment for the $ICP Blockchain: Modifying tokenomics is never the ideal scenario. It’s a last resort. For the sake of sustainability, we need better tokenomics and more time to achieve a meaningful increase in usage and adoption.