According to EnsoTrade order-flow data, ICP is up 3.58% over 24h: short covering — price is rising while positions close, a structurally weaker rally. Shorts are paying longs (-0.0029%/8h), a crowded-short tilt; open interest fell 3.0% over the last 6h. Perp trades at a -0.092% discount to spot.
| Price | $2.181 |
|---|---|
| 24h change | +3.58% |
| Order-flow regime | SHORT_COVERING |
| Funding rate (8h) | -0.00292% |
| Open interest | $4.47M |
| OI change (6h) | -3.02% |
Internet Computer's short-term moves come from derivatives positioning, not just spot. EnsoTrade reads three live signals: funding (which side is crowded), open interest (new money vs unwinding), and order flow (which side of the book is absorbed). Together they show if a move is real or a trap.
Go deeper on Internet Computer: Internet Computer funding & crowding · Internet Computer order flow.
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