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$ICP Supply Dynamics: Approaching a Deficit
This analysis focuses on observable on-chain data and tokenomics.
The Acceleration of ICP Burns
The growth in ICP permanently removed from circulation (burned) is significant and non-linear:
· 2023: 58,000 ICP burned
· 2024: 553,000 ICP burned
· 2025: 1.66 million ICP burned
This trend represents a clear acceleration, driven by the Internet Computer's core utility: every canister (dApp), cycle, and transaction consumes ICP.
The Supply Mechanics
Increased network adoption directly leads to increased ICP burn. The model is simple: more utility = reduced circulating supply.
The Inflection Point
Metrics indicate the protocol is approaching a key threshold: when annual burns exceed new emissions. Crossing this line shifts the tokenomics into a net supply deficit.
Forward Outlook
Data projects that 2026 could initiate a structural supply deficit. Market dynamics typically price in such shifts ahead of the confirmed equilibrium change.
#ICP #InternetComputer #Tokenomics #SupplyCrunch #BlockchainData

Based on the latest market data and technical analysis for December 1, 2025, Bitcoin's key support and resistance levels are as follows. The price has experienced a sharp decline, trading around $86,320 at the time of reporting .
🛡️ Key Support Levels (Zones where buying may emerge)
1. Immediate Support: $86,500 - $86,000
This is the most critical near-term zone. The price recently formed a low at $86,500, and a break below could trigger further selling toward lower supports . Analysts identify $86,000 as the first major support .
2. Major Support: $85,500 - $85,000
If selling pressure continues, the next significant support zone is around $85,500 . Holding this area is crucial to prevent a steeper drop.
3. Macro Support: $83,500 - $80,000
The broader and strongest support area lies between $83,500 and $80,000 . This zone, which includes the October low near $80,659, represents a major demand area and a key level for the market's structure .
🚧 Key Resistance Levels (Zones where selling may intensify)
1. Immediate Resistance: $87,800 - $89,200
Any recovery attempt will first face resistance near $87,800, followed by a more significant hurdle at $89,200 (the 50% Fibonacci retracement level of the recent drop) .
2. Major Resistance: $90,000 - $93,500
This is a formidable barrier. The $90,000 psychological level aligns with the broken bullish trend line and the 100-hourly moving average . Above that, the $92,734 to $93,700 range is repeatedly cited as the most important resistance block of the current cycle . A daily close above $93,500 is needed to signal a potential trend reversal .
3. Upper Resistance: $96,000 - $97,000
Even if Bitcoin breaks above $93.5K, onchain data shows a massive second layer of resistance between $96,000 & $97,000. This is where the average cost basis of recent and medium term holders converges, creating a potent sell zone .
Summary:
Btc is in a bearish short term structure, defending the $86,500 support. The path of least resistance remains downward unless it can reclaim the
$90,000 - $93,500 resistance zone.
The market's next major move will be determined by which of these key levels breaks first.
#btc #bitcoin