ICP Liquidation Trends: Last 28 Days Analyzed

追加: 2026-06-01

[00:00:00]Hello guys, welcome to zero to her.

[00:00:02]Today I will provide an update about cloud engines the Swiss subnet. We are going to check liquidation leverage and in particular historically liquidations for ICP in the month of May just to show you that once again ICP is manipulated.

[00:00:18]ICP currently should have much much more volume on the spot market and I believe that with cloud engines with more usage ICP will be able to go out from this bubble called web three called crypto and have much more meaningful usage that will lead to a lot of new long-term investors. In this video I will explain the details. We are going to go through the worst case scenario for Bitcoin price action of ICP against the US dollar against Bitcoin as well. And on top of that, I'm going to share a ton of interesting data, charts, metrics, indicators. We are going to check the volume profile for near and stellar as well and much much more. So stay tuned and let's dig deep into the rabbit hole.

[00:01:02]Okie dokie guys, very long intro, but I have a lot of interesting and meaningful news to share. On top of that, there will be another series of videos regarding the latest R&D developments from the Definitive Foundation, the Swiss subnet, cloud engines, cafe AI, and much much more. Those will be separate videos, so stay tuned for that as well. So, uh, yesterday, this was posted just in over $250 million were liquidated from the crypto market in the past 15 minutes. The crypto casino is still open. 99.9% of the projects in crypto are absolutely worthless.

[00:01:40]Currently, I'm focusing only on projects with use cases, revolutionary technology, and potential to generate revenue. And I believe ICP is one of those. One of the reasons why ICP is one of those. Chainspect posted yesterday most used blockchains on planet Earth.

[00:01:56]ICP is first place in terms of TPS. So fast, costefficient, and most importantly, secure. I did mention already Salana processes a lot of transactions. However, the problem is if you're fast, if you're costefficient, but if you're not secure, that's absolutely worthless in my book. ICP is fast, secure, and cost efficient as well, which is great, great to see, and it will be used in the future because of that. And it's already being used in a test environment regarding cloud engines. And we are going to see much more in a second. Now, Ahmed Mansour posted here uh he was the one that hosted uh the discussion or rather the town hall between the definitive foundation and the Pakistan digital authority. The next decade of health care will not be defined by hospitals alone but by how AI, IoT, blockchain and datadriven intelligence work together to predict, prevent and personalize human care. very important value proposition and once again I'm constantly repeating health care for a reason a large company listed on the NASDAQ reached out to the definitive foundation regarding health care and how to store data on chain because they want the highest standard of security for their patients for their customers and clients this is great to see it's a great value proposition for ICP moving forward I'm going to discuss about that in one of my next separate videos. So much more coverage as well from BSCN. ICP cloud engines will keep apps running effectively. The Definitive Foundation has recently shared a quick overview detailing how cloud engines will work. Many people asked me, hey, cloud engines are live. They are still heavily testing this in a test environment and they will be very soon ready to deploy this on a scale for various institutions. So this is very very exciting. Now uh let me share the details of what the defininity foundation has posted. Cloud engines run in three steps. One, select your nodes.

[00:04:08]Pick hardware operators geography.

[00:04:10]Geography is very important because of compliance with regulatory requirements in that specific jurisdiction for 200 nodes. This is also very important. More nodes equals more security. You can start with four but you can add seven 10 and more uh up to 100 nodes. So this is also going to provide a lot of flexibility to institutions. So four to 100 nodes per engine in any continent.

[00:04:40]Fund your engine pay in dollars. This is also extremely important for governments. They don't want to pay yet in ICP. They want to pay in dollars and everything will be then sorted out by the definitive foundation. So cycles will power everything no infrastructure overhead. So as Dominic Williams has mentioned in the cloud engines demo. So these governments will pay dollars to the definitive foundation. It will be converted into cycles. So cycles will still be heavily heavily used which is great to see. Third step deploy your applications. Install from app center or push direct. Connect your AI agent. Zero servers to manage. one node fails apps keep running live now on opencloud.org.

[00:05:27]So uh this is the value proposition for the future. Uh the ICO for hero is still going on but today it ends. So this is the last day. Uh I will share some plans moving forward. Currently in very short terms the ICO will not continue.

[00:05:44]However, I will still swap in the interim between now and the day when um Hero is listed on a decentralized exchange. I will still swap Hero for ICP or for dollars or for BTC as well, which I'm going to accept. And overall, I'm going to act as an exchange. No middleman swaps directly on chain on open chat. No slippage, no bots, real people, real participation. I want to kick out the middleman from the equation and provide a fair platform for swapping. And I did mention already that in the next one to two weeks, you're going to see a very meaningful improvement in the burn rate for hero, which already was quite significant, but I got some uh financial details for the last month. So, this is going to be interesting. So, stay tuned. Uh yesterday highest uh daily burn since Genesis for hero. We have burned 239.6,000 hero. Um today you're going to see we are going to um generate another all-time high. I already have the data and I'm going to process the burn shortly. Um now uh regarding cloud engines, this is a big question.

[00:07:01]Everyone has been asking me about this.

[00:07:03]So this proposal is live. In addition to the short-lived test cloud engines, Definity plans to deploy a long lived cloud engine to do food the platform and evaluate integration and applications helping drive further product productization and development. To support this effort, the proposal adds an additional data center to host cloud engine nodes. Basically, what does this mean? They have been testing some cloud engines but short-term tests. Now they need some longer longer term tests to see how things go and once this is done then they can move on. I did already mention that they have shipped some very very meaningful and interesting upgrades to to cloud engines. So this deserves a test. I know many people can't wait to see the results of the burn. They're getting impatient but there is a procedure and we have to make sure that everything runs smoothly. So I want to see them um completing this task successfully and then deploying a cloud engines to the public. And by the way the client pipeline is already existing.

[00:08:08]We are going to discuss about that in a separate video about the Swiss subnet and check the R&D if you are interested.

[00:08:16]Um so let's continue. Um yesterday Sooie experienced a major outage and guess which blockchain has not experienced a major outage in a very long time and ICP had really minor outages since Genesis.

[00:08:34]No outage or hack or exploit that did lead to any sort of loss of fund.

[00:08:39]Actually there were minor technical outages, no exploits and no hacks and no loss of funds for ICP. Well, if you want, you can just check for Solana and for many other blockchains, the list of hacks, outages that did lead to loss of funds for their clients and the list is very very long. And this is why ICP currently is in po position to be a decentralized cloud provider because it has five year of a very good record in terms of security and basically canister smart contracts provide a higher level of security compared to web 2 infrastructure.

[00:09:18]Um manipulation continues unfortunately ICP is 2.3% up in the last 24 hours. Yet again, longs were liquidated 10 times more than shorts. Perpetual futures should be banned. Now, you could tell me, hey, you're cherrypicking data. In reality, you should look at longer time frames. And this is exactly what I did in the next post. So, ICP is 13.7% up in May. Okay. So what you would expect if ICP is up any asset is up 13.7% up in a month you would expect that shorts are getting liquidated more than longs. That's common sense right?

[00:10:01]However longs were liquidated three times more than shorts. Total liquidations.

[00:10:08]Shorts $2.8 million. Longs $8.7 million.

[00:10:13]Ground total 11.6 $6 million. Only three out of the 28 days of the month of May had higher short liquidations. So out of out of 28 days, 25 days longer liquidated more than shorts. And once again, this was a positive month for SCP overall. Okay, there was there was a spike. I will show you this in a second.

[00:10:39]And then a drop. However, overall long-term on larger time frames, the longs should be liquidated less than the shorts. But that's not the case. And the ratio is not like 50/50 or similar. And we could argue, yes, there was a increase and then a drop. But in reality, you can you can see clearly that the situation is not something that can be explained with common sense. And this has been happening for the last five years really for for ICP.

[00:11:12]I will show you the the liquidations for near in a in a second. Now um here you can clearly see this chart 13.66% up in in a month. Let's continue with some other meaningful data. Uh I will show you now only three days. Look at this. only three days and the ratio is 0.40x 0.58x and 0.47x.

[00:11:43]So shorts were liquidated more than longs but it wasn't like a huge liquidation event. But look at this ratios here 3.75 74x 3.43x 43x. And then we have days like 14x, 16x, 47x, 16x, 30x, 29x, 6x, 33x, 291x, 17x, 22x, 18x, 37x, 10x.

[00:12:12]So this c cannot be it cannot be a coincidence, right? And it happens every and I wouldn't say anything if this was a minus performance minus 13% in a month and then you can say okay it makes sense but look at this percentage look at this ratios it just makes absolute zero zero sense so um I did insert this data into gro just to put it in a little table because I didn't have time to generate a design for that for this video but you can clearly see uh what's up Now uh let's continue with performance of altcoins versus Bitcoin. ICP is 530% up versus Bitcoin today. Very meaningful. Um Stellar, we are going to check this volume profile. 27.4,000 Bitcoin per day in volume. 20 more than 20 27 times higher than ICP more or less. That's very very meaningful. near is still almost 10x higher than ICP in volume. We are going to check is this volume real or not. Now you can clearly see that many projects once again avac for example AVAC has a higher market capitalization than ICP. Look at the volume profile only 2K versus near 9.7K Bitcoin and 27.4K for Stellar. That's that's very very meaningful. If we compare this with let's let's check Sana. Solana has 28.7K.

[00:13:48]Okay, this is a Solana project that had an abnormous amount of hype. An abnormous amount of hype. So um let's check now 7 days. Um still stellar first place but ICP holds well 7.93% up. Um, and I know many people in my open chat communities, they say, "Hey, ICP, one other poor month for ICP, still boring."

[00:14:13]But in reality, ICP has been holding pretty pretty well against Bitcoin since October. And I will show you the data.

[00:14:19]19.22% up versus Bitcoin in a month. That that's very very meaningful. yearly uh ICP uh still down negative against Bitcoin 25% it was 65% in October. So I believe um this is going to be good for ICP moving forward because the market cap uh and I will share this in in a second and we're going to discuss about the market cap. So let me finish this thought in a second uh again because I have a lot more things to show you. So ICP against Bitcoin. You can see here clearly October this drop and then we are back at the same exact level. Before that I did show you already ICP was bleeding bleeding bleeding into a neverland for years bleeding against Bitcoin. This period here ICP is holding against Bitcoin which is very very good to see. I would want to see this for let's see a couple more months and perhaps slowly slowly continue outperforming slowly not this and this but slowly up. Let's continue with the market cap. And this is the point.

[00:15:27]Definit what they have invested into this project. A lot of ICP is locked. 240 plus million ICP is locked for two years. So it cannot be sold on the open market. VCs are out currently out of their positions or rather they're unlocked. So they could have sold and they have sold in my opinion and I did already mention and explain why they were selling. They were thousands of percentage points up on their investment. So it makes absolute sense to sell at two, three, four, five, $10.

[00:16:07]Okay. So now currently I'm once again tracking undervaluation for ICP based on technology and based on data. In September 2023 when I first bought ICP, ICP went up a lot but then it came down.

[00:16:23]However, at this point in time when I did invest, ICP was not as good as a project as now. ICP did not have uh caffin AI. It did not have cloud engines. There was no Swiss subnet with an existing pipeline of clients and on top of that VCs were still locked. We had more inflationary pressure than now.

[00:16:43]There was no mission 70. So overall in based on my anal it's a very simple analysis it doesn't it doesn't get much easier than that. ICP is better than here. Question is fair question. Was ICP really undervalued here?

[00:17:02]In my opinion, definitely ICP is undervalued here based on my analysis comparing ICP to other projects in crypto at a similar or higher market capitalization. I will provide more details in a video for members of this channel. So stay tuned. Volume profile.

[00:17:20]Now ICP the volume you can see this spikes but overall in November this was a big spike. Now currently volume went up then down. However, we're finding some sort of let's say bottom for the volume. I believe institutions are still in with all these projects but not at the same nowhere near at the same level as now currently for near and for stellar. As a comparison look at this volume profile for near protocol from 100 million to 1.2 billion 1.1 1.2 two now lower 900 600 million but still this is up a lot. What happens to near when the volume drops down in this range? This is another question. Now stellar uh stellar here no uh but here yes. So stellar you will see here that it had this huge spike huge spike from 110 to million to $1.2 $2.3 billion dollar.

[00:18:23]Okay. Same thing like near, same thing like ICP and then drop drop into a neverland and then it continues for months and then again the same thing. So this happens from time to time and you cannot tell me that the volume can spike from 87 million to 1.8 eight billion dollars in a couple of days without a huge huge huge news event or change into economics or a huge investment of money from a different company in this blockchain something something there needs to be a humongous news event a humongous news event to generate this much volume from retail this is not retail volume those are institutions and we all know how this ends up and then down and then boredom bored and bored and the volume drops slowly and then this lasts perhaps for a week max to sometimes three four days and that is the pattern for multiple project and I can show you patterns and patterns and patterns and this is happening overall is not only ICP but in terms of real liquidations which I'm going to show you in a second ICP um has much much weirder volume profile ratio issues. Everything is much much weirder compared to others. So now Shui has now been down with transactions paused for almost 3 hours while the previous authors were just a few months ago in January. Now which major blockchain/DLT has never experienced downtime, network holes or accessibility issues? ICP is one of those is one of those that has a very high standard of security and this is why people or rather institutions and governments are currently looking at ICP as a decentralized cloud provider can offer AI it can offer decentralized storage it can offer tailored solutions for institutions governments startups enterpreioners and much more so ICP is very well positioned at the current market capitalization of 1.5 $25 billion. Let's continue with some other charts on Coin Glass. If this loads, yes, it will. So, you can clearly see even if you if you look just at a naked eye without tracking this data, without comparing them as I did that the liquidations for for shorts were um much less than the the ones for the longs and ICB went up in this period. And the trend continues. It will always like that. If we go back to January, you will see here $1.8 million versus 33K.

[00:21:10]Okay, the price was dropping. But okay, when the price went up, whenever the price went up like here, the the price went up like crazy here.

[00:21:22]Shorts 700K, longs.

[00:21:25]So how is this possible that look at here that when the price goes up longs are barely barely liquid um get shorts are barely getting liquidated more than longs or even here longs are getting liquidated more than shorts in this in this case but there were days in which three days of this month in which shorts got liquidated more but it's insignificant compared to the history so you can track all this history all this data uh compare them to other projects which is what I'm going to show you in a second. ICP liquidation heat map there is a lot of in I wouldn't even call it interest now at this point in time. It can be fake interest as I did show you at $2.26 and another meaningful pocket of liquidity here at $3.09 for ICP. Um now coin glass also um when this loads you will see the volume profile for near liquidations for near as well. So price goes up for near and you will see that shorts are getting liquidated more than longs. Here for example longs more than shorts. But if we go here you will see $1.5 million verse $11 million. So shorts got liquidated seven, eight times more than longs. This almost never happened for ICP. I didn't see it at at this level with so much liquidity. So for other projects, shorts are getting liquidated as well. Even though to be fair, longs are constantly liquidated more than shorts. However, for ICP, the the ratios just simply do not make sense to me. Even though you will see here days when when near look at it this $6.47 million longs versus only 130k for shorts. But here the trend was to the downside as you may see. Now uh let's continue with something else.

[00:23:29]Uh latest Visa has invested in AI coding platform rapidly to power agenting payments exploring how to enable developers and AI agents to accept payments directly within the platform.

[00:23:41]So CFA is a direct competitor to Raplet with a higher value proposition in my book because data is stored on the blockchain. Overall, if Visa is looking to invest in Replet, I believe that Caffin AI should have much more usage in the future because it's quality and I managed to build my whole infrastructure and project directly from scratch with caffin AI using cloud as well and other AI tools but it's stored onchain. The vast majority of these services only the store is not but the blog the infrastructure the data everything is on the ICP blockchain which is very good to see. So um this investments in AI will continue and I believe the investments in decentralized cloud providers will continue as well because of cyber security and crime overall across the globe which with AI will just increase and not decrease. Now worst case scenario for Bitcoin. I did show this just for fun in my open chat community.

[00:24:46]Structure is very similar compared to the last cycle. The structure is something that I'm tracking but mostly it's Fibonacci retracement levels which are telling me where we are heading or rather where are the zones of interest.

[00:25:01]So once again we were rejected here by a meaning nearby the proximity of a meaningful Fibonacci retracement level.

[00:25:08]Now we are dropping. So in this previous cycle we had a one, a two and you could call it then a three and then a more complex after this boredom this longer correction to the upside a more brutal last wave to the downside more complex wave as well. So here we could be in the same boat. You will see this ABC ABC then there's complacency phase in which many people believe yeah this is the recovery this is the bare market we are heading to new all-time highs and then we see a couple more final flashes to the downside and this could play out but it doesn't need to so this is one of the worst case scenarios that I'm tracking it could go lower in fact every cycle Bitcoin slightly dropped under the 786 under the 786.

[00:26:06]The amount of time that um Bitcoin has spent under the 786 has been shorter and shorter every cycle. So from years to just couple of months in the last cycle.

[00:26:20]So overall if this happens the send 86 is at around 40,000 bucks could be the worst case scenario. you know already if this happens what happens with the rest of the altcoin market even though the vast majority or rather not the vast majority many projects um have been bleeding against Bitcoin heavily despite despite this relief rally but some projects heavily outperformed Bitcoin ICP is one of those projects that held well I would say in the last six months against Bitcoin but If a few big big red candles, weekly red candles happen here, I believe the whole altcoin market could significantly struggle. Overall guys, uh what I wanted to show you as well here is uh my openjet community. Currently we have 64 members all holders of hero. So thank you very much for the participation. Burn dashboard. you will see another meaningful day today and moving forward in the next following days also meaningful burn days for hero.

[00:27:30]Thank you very much for the participation. If you did not yet check my store, check it out. Very soon I will have a lot more designs added to the store. If you're interested, you can still purchase the merge. This is separate from the ICO, so the pre ICO will still continue. So you can still buy t-shirts, hoodies, merge, caps, mugs, and you will get the 10% cash back directly in Hero for your participation.

[00:27:58]No speculation, real usage, a project that is profitable and self- sustainable from day one. And on top of that, of course, deflationary. Thank you very much for your attention. If you have any other questions, let me know. and I will see you in the next one with a lot of clips and videos regarding caffin cloud engines and on top of that the Swiss subnet and regarding that there will be a big announcement and a big news but stay tuned and I cannot say anything at this moment in time so I wish you the best and see you in the next one.

[00:28:31]Bye-bye.