ICP's recent performance is indeed worth paying attention to. Driven by positive sentiment from the production cut, this established mainstream coin has experienced an impressive surge—rising by 25% on the 4-hour chart. It is now entering a phase of consolidation with decreasing volume at high levels, which is an interesting signal.

Even more interesting is the change in retail investor sentiment. The long-short ratio plummeted from a high level to 1.45, indicating that many retail investors are going against the trend by attempting to top out and short, which in turn provides ample fuel for the bulls. The hype cycle surrounding the production cut has just begun, leaving room for further imagination. If you are afraid of high prices, you might be easily shaken out; on the other hand, you should be cautious of continued technical breakthroughs that could accelerate the trend.