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ICP rises 14% amid on-chain growth but off-chain selling pressure hints at possible decline.

Technical Signals
08 Sep 2026
AMBCrypto
View Source
Neutral
ICP rises 14% amid on-chain growth but off-chain selling pressure hints at possible decline.

Internet Computer (ICP) surged 14% driven by increased stablecoin liquidity and higher blockchain fees, signaling stronger on-chain activity. However, off-chain indicators like a negative Open Interest-Weighted Funding Rate and a low Taker Buy/Sell Ratio suggest rising selling pressure from traders. This mixed scenario implies that despite current gains, ICP could face downward pressure if selling continues and funding rates remain negative.

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