#ICP Long Liquidation Alert
Around $9.75K in long positions just got liquidated on ICP at $2.36507.
This shows that bulls were trying to hold the move, but the dip was strong enough to trigger stops and wipe out overleveraged longs. When that happens, forced selling adds extra pressure to the downside.
What does this mean?
Compared to the previous liquidation, this one is slightly bigger — which suggests leverage was building up on the long side before the drop.
Now the market has cleared some weak hands. The next move depends on how price reacts at current support.
What to watch 👀
• If ICP stabilizes above $2.35, we could see a short-term bounce.
• If selling continues and we lose that level cleanly, next area to watch could be around $2.25 – $2.30.
The reaction at support is key right now.
Smart move here:
• Don’t panic long immediately
• Wait for confirmation
• Watch volume spikes
• Manage risk — especially in choppy conditions
Liquidation flushes sometimes mark local bottoms… but only if buyers step in strongly afterward.
Do you see this as a dip-buy opportunity, or is ICP still under pressure? 📉📊
#ICP #Crypto #Liquidation #Trading #MarketUpdate
