Squeeze Insights Lab
All Pairs

ICP/USDT

Last updated: 9/15/2026, 3:30:13 AM

LOW RISK

Market calm across metrics

Stress Score (Normalized)
0.0130–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.090
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
-1.8%
OI Δ 7d
-8.6%
OI acceleration
+0.3%
ΔFunding 24h
+0.003%
|Funding| %ile
1
Vol compression
29
Volume spike
0
Perp basis
-0.037%

Stress-score timeline

StressPulse
00.5106-1807-0607-2408-1008-2809-15
DBSdrove the last 7d change(-0.25 score)
2026-06-182026-09-15 · daily snapshots since tracking began

Recent track record

12/40 correct

This pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.

1d · 7/173d · 4/157d · 1/8
2026-09-141d▼ DN-4.0%
2026-09-131d▼ DN+3.4%
2026-09-121d▼ DN-1.3%
2026-09-123d▼ DN-2.0%
2026-09-111d▼ DN-0.3%
2026-09-113d▼ DN+1.7%
2026-09-101d▼ DN-0.1%
2026-09-103d▼ DN-1.7%
2026-09-091d▼ DN-1.8%
2026-09-093d▼ DN-2.2%

Aggregated Open Interest (All Exchanges)

Total OI
$44.05M
Binance
$25.71M
58.4%
Bybit
$14.64M
33.2%
KuCoin
$3.70M
8.4%
Market Cap
$1.51B
Market Cap / Aggregated OI
$1.51B / $44.05M= 34.2693

Risk Signals (Extra)

OI / Volume (24h)
2.196
Level: high
Exchange OI Dominance
binance
Share: 58.4%
No dominance risk

Liquidation history

Long-side 83% of 30d liqstoday: 28th percentile of 90d
$1.1M$006-1807-0607-2408-1008-2809-15
Long liqs (above) Short liqs (below)

Positioning summary

Exactly one of the ~500 Hyperliquid accounts we track holds ICP: $117.6K short across 1 position. That is a single address, not the venue — everyone else's book is out of view. No tracked liquidation level sits within 60% of the $2.474 Hyperliquid mark. That is the 2026-09-15 20:59 UTC whale sweep; the interactive panel below reloads it on its own.

Interval:

Open Interest

Coinalyze
Latest
$25.70M
ΔOI
-$1.19M

Funding Rate

Coinalyze
Latest
-0.0029%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$2.712$2.71$2.712
OI (USD)$25.71M$14.64M$3.70M
OI share58.4%33.2%8.4%
OI (tokens)9,481,1605,400,9591,363,965
Funding rate0.0006%

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$1.51B
24h Liquidations
$15.58K
Token Symbol
ICP
Sources
CMC, Coinalyze

ICP sits in the BTC-trackers cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way ICP's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

ICP perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are ICP's current liquidation levels?

Across the exchanges we aggregate, $15.6K of ICP positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for ICPUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does ICP have right now?

Aggregated open interest in ICP perpetuals is $44.05M: $25.71M on Binance (58%), $14.64M on Bybit (33%) and $3.70M on KuCoin (8%). That position base is -1.8% over 24 hours and -8.6% over the last week. Open interest is 2.20× the pair's 24-hour volume, so positions are being held rather than churned.

What is ICP's funding rate?

Binance settles ICPUSDT funding at 0.0006% every 8 hours, which annualises to roughly 0.6%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $0.17 a day to stay open.

Are whales long or short ICP?

We can only answer for the ~500 largest Hyperliquid accounts we track, and exactly one of them holds ICP: $117.6K short. One address is a data point, not a verdict — the rest of the venue is not visible to us. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and ICP is one of them.

Is ICP over-leveraged right now?

ICP's leverage-stress score is 0.013 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($1.51B of market cap against $44.05M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($15.6K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has ICP seen heavy liquidations lately?

Over the last 30 complete days, 83% of the ICP notional that got liquidated was long positions and 17% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 28th percentile of the last 90 days, meaning today is about normal for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

ICP/USDT (ICPUSDT) perpetual futures shows a leverage-stress score of 0.013 out of 1.0 (low risk), $44.05M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0006% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.