Unbiased $ICP analysis is here :)
I've put my heart and soul to this, spending hours on quality research, so please consider giving a read🫡

Thank you for your attention to this matter🙏

Gmgmgmgm Square Fam!
This is the 75th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer.
Today, we will explore the trenches for all things alpha.
LFG🫡

Before we start..
I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing.
This will help me provide you with more quality information, thank you🫶
Let's go🫡

I/ $ICP Price Action

Well, back to the TradingView terminal for usual TA.
Thanks to BTC hitting ATH, we saw a comparatively rising green candle, which took the price action on a jump from 4.7 to 5.0 USD, which is nice, but what seems concerning at the moment is comparativly lower volumes on this candle, indicating that this push was backed by the market sentiment, not the crypto asset itself.

Now, if we inspect the numbers, these are the crucial ranges to keep in mind.
Support is ranging from 5.0 to 5.3 USD, while resistance seems to be ranging from 5.4 to 5.8 USD, which is kinda huge, ngl.
In terms of derivatives data, Volume jumped straight to 91M USD, which is a 17% increment, compared to the last 24 hours, while maintaining net positive funding rates across derivatives platforms.

As always, remember that this analysis is only for educational & informational purposes; also this is a discussion on long-term price action due to the nature of the cryptocurrency market.
Not Financial Advice, so ensure you do your own due diligence before jumping in :)

II/ Onchain Stats
Sources: ICP Dashboard & ICTerminal

ckBTC Stats

Within the last 24 hours, the Internet Computer saw approximately 3.53 BTC worth
391K USD, entering the ckBTC canister.
In case you are new here, ckBTC is Bitcoin's native twin on ICP, which differs from traditional wrapped tokens because native Bitcoins are held in a canister on the network, eliminating unnecessary intermediaries found in traditional wrapped versions.
Minting ckBTC, hodling, and releasing BTC is done by the canister alone, which matters in true decentralization.

Burned ICP Stats

Within the last 24 hours, the network saw 2.4K ICP, worth around 12.6K USD, vanishing from the circulation supply.

Neurons Stats

Well, this is a nice parabolic curve within the last 24 hours.
As of press time, the network saw 300+ neurons being spawned in order to prepare for autonomous governance on the NNS.

Active Addresses | icterminal

Well, look who is back here.
As of press time, the active address count on mainnet jumped from 4K to 10.4K.
LFGG!
III/ NFT Stats
Sources: DGDG, Toniq, and bioniq
1️⃣Motoko Ghosts --> 🔻29.8 ICP
2️⃣BTC Flower --> 45 ICP
3️⃣Peeladies --> 1.9 ICP
4️⃣icbucks by EgidoVal --> 1.5 ICP
5️⃣Poked Bots Mutant Army by pokedstudiouk --> 46 ICP
6️⃣Goated Gamer by The_Swop --> 3K sats ckBTC
7️⃣Motoko Sentinels--> 0.00039 ckBTC
8️⃣Cubetopia Islands --> 15 ICP
9️⃣Distrikt PODs --> 1.7 ICP
🔟Charles by onicai --> 0.00065 ckBTC
IV/ Gainers and Losers
Sources: ICPcoins and ICPTokens
🟣Gainers
➡️Querio--> 0.018 USD @ 88K USD Marketcap (🔺12%)
➡️ICPanda--> 0.004 USD @ 4.8M USD Marketcap (🔺10%)
➡️Motoko--> 0.097 USD @ 5.3M USD Marketcap (🔺7%)
🟣Losers
➡️Funnai--> 0.3 USD @ 113K USD Marketcap (🔻15%)
➡️Alice --> 0.04 USD @ 1.8M USD Marketcap (🔻3%)

V/ Inside the ICVerse🧑‍🚀
🟪6 Voting Proposals in the NNS.
🟪3 Voting Proposals in the ICPSwap SNS.

🟪TVL on NNS: 1.99 Billion USD [🔺5.3%]
🟪TVL on ICP DeFi By DefiLlama: 39.4M USD [🔺5%]

Updates from the DFINITY Foundation🔮
➡️The foundation is all set to conduct a livestream covering all things Vetkeys today, at 18:00 CEST
➡️The latest builder interview episode has been published.
➡️An explanation on how runes work on the Internet computer, powered by the BTC integration, is live.
➡️ Caffeine spotlights are now live throughout SF.
➡️ICPHUB US's Jennie Biebert appointed as WCHL judge, also to announce workshop sessions for WCHL soon.

VI/ Updates from the ICP ecosystem
➡️GoldDAO ships staking drep.
➡️onicaiHQ tops up Funnai LP on ICPSwap, also announces easter egg challenge winners.
➡️The Motoko programming language receives the siphash package for production.
➡️ICPEx adds 15K ICP in LP for the native pair.
Well, that's all for today😇
Thanks for staying this far🫡
Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our #BTCBreaksATH fam.

I'll see ya tomorrow with your daily dose on ICP🫡
Until then, take care👋