Internet Computer (ICP) news: what is happening today
Market summary from our own Hyperliquid data · updated 2026-07-25 04:14 UTC
Internet Computer trades flat, as our model stays defensive
Internet Computer has gone nowhere over a week. What follows is what sits behind that move: large-wallet positioning, derivatives, our own model.
What matters on Internet Computer right now?
Our own rules-based model reads Internet Computer at 30/100, which is SELL territory. What stands out right now:
- MACD turned bullishMACD turned bullish, with price below the 50-day average.
- Trading volume spiked to 3.1× the monthly norm$2.2 M traded in a day, with price +5.21% on the session.
- Open interest jumped 70.69%Funding runs at 24.95% a year — shorts pay longs, with $2.8 M of open interest.
What does the Internet Computer data show?
1. MACD turned bullish
MACD flipped bullish: the fast average of price pulled above the slow one, which is the earliest of the trend signals we track and the noisiest. Market structure is sideways — no sequence of higher or lower swings. The most recent daily candle pattern is three black crows. RSI (14) is 42.4.
2. Trading volume spiked to 3.1× the monthly norm
Turnover reached $2.2 M in a single day, about 3.1× the median of the previous month, while price moved +5.21%. Volume does not tell you direction, but it tells you conviction: moves made on thin volume are much easier to reverse than moves the whole market participated in.
3. Open interest jumped 70.69%
Perpetual funding runs at 24.95% annualised, so shorts are paying longs to keep their positions open. Funding is a crowding tax: the more one-sided the book, the more it costs to stay on that side, and the more likely the weakest hands there get squeezed out. Open interest stands at $2.8 M, up 70.69% on the move — that is the size of the leveraged book that has to be closed eventually.
What has already happened to Internet Computer?
July 2026
- ICP’s MACD crossed into bullish territoryMACD line against its own signal line on closed daily candles
- ICP open interest rose 70.69% to $2.8 M while price moved −2.09%: fresh shorts buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions−2.09%
- ICP traded $2.2 M, 3.1× its 30-day median volume while price moved +5.21%30-day median volume $717 K+5.21%
June 2026
- ICP open interest fell 56.05% to $3.3 M while price moved −12.37%: longs unwindingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions−12.37%
- ICP traded $10.7 M, 6.2× its 30-day median volume while price moved +1.41%30-day median volume $1.7 M+1.41%
Show the earlier history (35 more entries)
May 2026
- ICP traded $7.6 M, 5.2× its 30-day median volume while price moved +7.08%30-day median volume $1.5 M+7.08%
- ICP open interest rose 57.17% to $3.7 M while price moved −0.73%: fresh shorts buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions−0.73%
- ICP traded $4.4 M, 6.2× its 30-day median volume while price moved −3.31%30-day median volume $715 K−3.31%
- ICP traded $2.7 M, 6.9× its 30-day median volume while price moved −1.41%30-day median volume $397 K−1.41%
- Internet Computer closed at a 90-day high of $3.641Previous peak of the 90-day window $3.193, exceeded by 14.02%+14.02%
- Internet Computer closed at a 90-day high of $3.193Previous peak of the 90-day window $2.769, exceeded by 15.31%+15.31%
- ICP traded $3.9 M, 10.5× its 30-day median volume while price moved +20.55%30-day median volume $373 K+20.55%
- Internet Computer moved +12.23% in a day, 4.5× its 30-day volatility30-day standard deviation of daily returns 2.75%+12.23%
March 2026
- ICP open interest rose 119.46% to $3.4 M while price moved −2.98%: fresh shorts buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions−2.98%
- ICP traded $2.4 M, 3.1× its 30-day median volume while price moved −2.98%30-day median volume $768 K−2.98%
- ICP open interest rose 106.37% to $2.1 M while price moved +12.05%: new longs buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions+12.05%
- Internet Computer moved +12.05% in a day, 3.3× its 30-day volatility30-day standard deviation of daily returns 3.69%+12.05%
- ICP traded $8.2 M, 10.7× its 30-day median volume while price moved +12.05%30-day median volume $768 K+12.05%
February 2026
- Internet Computer moved +14.90% in a day, 3.3× its 30-day volatility30-day standard deviation of daily returns 4.49%+14.90%
- Internet Computer closed at a 180-day low of $2.084Previous trough of the 180-day window $2.151, undercut by 3.08%−3.08%
- Internet Computer closed at a 180-day low of $2.239Previous trough of the 180-day window $2.616, undercut by 14.41%−14.41%
- ICP traded $3.8 M, 3.1× its 30-day median volume while price moved −14.55%30-day median volume $1.2 M−14.55%
- Internet Computer closed at a 180-day low of $2.616Previous trough of the 180-day window $2.732, undercut by 4.24%−4.24%
January 2026
- ICP traded $3.8 M, 5.3× its 30-day median volume while price moved −2.15%30-day median volume $723 K−2.15%
- Internet Computer moved +16.50% in a day, 3.4× its 30-day volatility30-day standard deviation of daily returns 4.80%+16.50%
- ICP traded $2.9 M, 4.3× its 30-day median volume while price moved +16.50%30-day median volume $659 K+16.50%
- ICP open interest fell 56.72% to $1.7 M while price moved −0.68%: longs unwindingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions−0.68%
- ICP open interest rose 180.67% to $4.0 M while price moved +4.14%: new longs buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions+4.14%
- ICP traded $2.5 M, 3.7× its 30-day median volume while price moved +5.16%30-day median volume $671 K+5.16%
December 2025
- Internet Computer moved +16.65% in a day, 4.0× its 30-day volatility30-day standard deviation of daily returns 4.11%+16.65%
November 2025
- ICP open interest rose 67.65% to $7.2 M while price moved −9.69%: fresh shorts buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions−9.69%
- Internet Computer closed at a 90-day high of $8.955Previous peak of the 90-day window $8.198, exceeded by 9.24%+9.24%
- Internet Computer closed at a 90-day high of $8.198Previous peak of the 90-day window $6.707, exceeded by 22.23%+22.23%
- Internet Computer closed at a 90-day high of $6.707Previous peak of the 90-day window $6.014, exceeded by 11.52%+11.52%
- Internet Computer moved +24.35% in a day, 3.2× its 30-day volatility30-day standard deviation of daily returns 7.58%+24.35%
October 2025
- Internet Computer closed at a 90-day low of $3.019Previous trough of the 90-day window $4.082, undercut by 26.04%−26.04%
- Internet Computer moved −30.74% in a day, 10.3× its 30-day volatility30-day standard deviation of daily returns 2.98%−30.74%
September 2025
- Internet Computer closed at a 90-day low of $4.082Previous trough of the 90-day window $4.304, undercut by 5.16%−5.16%
- Internet Computer closed at a 90-day low of $4.314Previous trough of the 90-day window $4.663, undercut by 7.48%−7.48%
- Internet Computer moved −8.19% in a day, 3.1× its 30-day volatility30-day standard deviation of daily returns 2.67%−8.19%
Entries are produced by the Spottrench algorithm from Hyperliquid data.
What is next for Internet Computer?
Dates we can verify and levels that would change the read on Internet Computer. No project roadmaps here — only schedules that exist on-chain or in the company calendar, and thresholds measured from our own data.
Unlock schedule from DefiLlama; earnings dates from the company calendar.
The bottom line
Pulling it together, our combined signal reads SELL (30/100, where 50 is neutral). On the last closed day Internet Computer fell 0.47% against a category median of +0.00%, with 88 of 177 markets in the category closing lower. We do not claim to know why Internet Computer moved — everything above is measurement, not a cause.
Frequently asked questions
What is the latest news on Internet Computer?
The most recent development we recorded is: MACD turned bullish (2026-07-20). This page is a dated log computed from market data rather than a press feed — every entry is a measurement with the date it happened.
How often is the Internet Computer page updated?
Once a day: it is recomputed after the daily candle closes, and the time of the last update is printed at the top of the page. Log entries are dated by the day the event happened, not the day we published it.
Where does the Internet Computer data on this page come from?
From Hyperliquid directly: daily candles, open interest, funding and the on-chain positions of active large wallets. Nothing here is copied from another site's article, and no language model writes the text — the wording is generated from the numbers by fixed rules.
Is this Internet Computer page investment advice?
No. It is an algorithmic summary of measured market data from Hyperliquid — price moves, positioning, derivatives and our own model. It is not investment advice and past performance does not guarantee future results.
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