ICP Surges 12.5% on Security Debate
Internet Computer (ICP)
Editor:
Eugene Serbin
cvj.ai reports that Internet Computer (ICP) has rallied 12.5% to a four-month high of $3.40, defying broader market trends. The altcoin recovered from a dip to $2.90 and defended the $3 support level before climbing. Daily volume increased by 61%, with turnover reaching $45 million for the first time since June.
This surge coincides with a debate over freezing stolen funds from the Bitget hack, where over $387.5 million was drained. THORChain refused to block addresses linked to the attackers, citing its protocol design. DFINITY founder Dominic Williams stated he would support an ICP governance proposal to freeze these assets.
Williams signaled support for interchain collaboration to deter theft, prompting positive market demand. Derivatives data shows open interest jumped 18% to $121 million, while volume rose 66% to $189 million. The Long/Short Ratio on Binance reached 1.8, with Top Traders ratios hitting 3.5 and 2.4. Profit-takers are now eyeing the $4 mark as traders express optimism about short-term prospects.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 30 September 2026. Not the outlet's figures.
Whalio data shows ICP trading at $3.44, with a 1-hour buy ratio of 47.0% compared to a 4-hour ratio of 51.6%. The 24-hour buy ratio stands at 52.3%, indicating that buying pressure has weakened in the short term relative to the recent four-hour window. The 1-hour volume delta is negative at -$40,461, suggesting immediate selling pressure, while the 4-hour delta is positive at +$82,545. Over the last 24 hours, the volume delta is +$1,405,532, with a cumulative volume delta (CVD) of +$646,825. This means that over the full day, buyers have exerted more pressure than sellers, despite the recent hourly dip. Net buying occurred for 10 of the last 24 hours, with spot volume reaching $29,936,724 across 186,555 trades.
The latest daily buy ratio of 47.1% sits at the 17th percentile of the last 323 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ICP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.1%, making the current 24-hour ratio of 52.3% slightly higher by 2.2 points. Daily volume was 2.29 times the weekly average, indicating significantly heightened activity. Net buying was recorded on 4 of the last 7 days, with a total volume delta of +$911,100 for the period. The price increased by 13.8% over the 8-day window, aligning with the recent surge. This represents an unusual day for the coin, driven by volume nearly double the weekly norm.