⚔️ ICP at 3.4 – THE BLOODBATH ISN'T OVER

• Neutral funding → No side has the upper hand yet
• OI down + Price down → Longs are being liquidated and fleeing
• Taker Sell dominates → The executioner is striking hard
• Whales pulling out Longs – Retail jumping in → Very bad sign
• Basis deeply negative → Sentiment is still cold
• 5-day capital flow: -752k ICP → The big sell-off hasn't stopped

ICP is still in a “bleeding out” phase, NOT the time to accumulate.

⚠️ Stuck at 4.3:
• Strong rebound to break even: unlikely
• Still at risk of testing 3.1 – 3.25
• Any move up to 3.55 – 3.7: watch out for a relief rally before another dump

✅ Only go Long when all 3 signals are met:
1. OI increases
2. Taker Buy dominates
3. Basis returns close to 0

Not enough signals yet → stay cautious, focus on preserving capital.