Binance's adjustment of the collateral rates of cryptocurrencies like ICP and SNX on April 11 can significantly impact their supply - demand relationship and price in the secondary market. When the collateral rate of a cryptocurrency is decreased, borrowers can obtain fewer funds using it as collateral. This may lead to a decrease in the demand for ICP and SNX in the borrowing market. As a result, in the secondary market, some holders may sell these cryptocurrencies, increasing the supply and potentially putting downward pressure on their prices.