ZKsync And ICP Hold Up In Dip
Posted: Wed Nov 05, 2025 12:08 am
Bitcoin has slipped under the psychological 100k level again, sparking another wave of liquidations, volatility spikes and aggressive risk-off positioning from leveraged traders. Sentiment cooled quickly, and liquidity thinned, making sudden sell cascades more likely across major pairs. Yet interestingly, while the macro trend turned red, some selective altcoins are not collapsing at the same pace. ZKsync and Internet Computer are two of the notable examples.
Both assets had just posted measurable rallies earlier in the week, and instead of fully retracing those gains, they are showing relative strength against the broader market pullback. ZKsync is still holding near a critical long-term average zone, signalling that the recent accumulation might not have been just hype. The same story can be seen in ICP, where buyers continue to defend support areas, slowing down the downside momentum even as Bitcoin puts pressure on the entire sector.
This divergence could mean multiple things. It could be short term rotation into altcoins with recent catalysts. It could be desk-side hedging. It could be simply a temporary lag. Or it could be the early stages of a shift where selective alts begin to behave with more independence rather than just mirroring Bitcoin’s volatility.
Still, caution is essential. When the market is unstable from the top asset down, even strong alts can break with one sharp liquidation batch. For now, the fact that ZKsync and ICP remain structurally intact while Bitcoin dips below 100k adds intrigue to the scenario.
Do you think these altcoins are showing genuine strength and accumulation, or are they just temporarily lagging behind the macro correction and will eventually follow Bitcoin’s move?
Both assets had just posted measurable rallies earlier in the week, and instead of fully retracing those gains, they are showing relative strength against the broader market pullback. ZKsync is still holding near a critical long-term average zone, signalling that the recent accumulation might not have been just hype. The same story can be seen in ICP, where buyers continue to defend support areas, slowing down the downside momentum even as Bitcoin puts pressure on the entire sector.
This divergence could mean multiple things. It could be short term rotation into altcoins with recent catalysts. It could be desk-side hedging. It could be simply a temporary lag. Or it could be the early stages of a shift where selective alts begin to behave with more independence rather than just mirroring Bitcoin’s volatility.
Still, caution is essential. When the market is unstable from the top asset down, even strong alts can break with one sharp liquidation batch. For now, the fact that ZKsync and ICP remain structurally intact while Bitcoin dips below 100k adds intrigue to the scenario.
Do you think these altcoins are showing genuine strength and accumulation, or are they just temporarily lagging behind the macro correction and will eventually follow Bitcoin’s move?