Hedera (HBAR) Jumps 14%—So Why Are Whales Quietly Leaving?
Despite HBAR's 14% weekly jump, large whale holders are quietly reducing their supply while retail traders remain bullish, suggesting a potential upcoming correction.Summary
Hedera (HBAR) has recently jumped over 14%, though it remains down nearly 9% for the month, presenting mixed signals. Smart Money Index (SMI) suggests informed traders anticipate a rebound, and the Money Flow Index (MFI) shows retail traders are actively buying dips. However, large wallet holders (whales) are exhibiting contrary behavior, with accounts holding 100 million+ HBAR decreasing their supply share from 41.75% to 40.65% since October 21, indicating an exit of at least $20.9 million worth of HBAR. Furthermore, the daily HBAR price chart shows a hidden bearish divergence between the price making a lower high and the Relative Strength Index (RSI) making a higher high, which often signals a downtrend continuation. If HBAR loses support at $0.189, it could slide toward $0.168 or even $0.154, suggesting whales may be front-running a correction that retail traders are ignoring.
(Source：BeInCrypto)