Why $4.9 Million Liquidations Could Soon Hit HBAR Traders Hard
HBAR traders face potential $4.9 million short liquidations if the price surpasses $0.1143, despite bearish positioning.Summary
Hedera (HBAR) price recovery is currently muted due to broader market caution, but derivatives data suggests a potential shift that could heavily impact bearish traders. There is significant short positioning, and if the HBAR price rises to $0.1143, approximately $4.9 million in short liquidations could be triggered, causing rapid upside volatility.
Technical indicators show mixed signals: the Chaikin Money Flow (CMF) is rising near the zero line, suggesting outflows might diminish in favor of inflows, supporting a short-term recovery. Furthermore, HBAR's correlation with Bitcoin has dropped significantly to 0.09, potentially allowing HBAR to decouple from broader market weakness and chart an independent path.
Currently trading at $0.1019, HBAR must overcome resistance at $0.1035 (50% Fibonacci retracement) to confirm a breakthrough. Successfully flipping this level could lead to a rally targeting $0.1109 and eventually past the $0.1143 liquidation point. Failure to gain bullish momentum, however, could see HBAR consolidate or drop below the $0.0961 support level.
(Source：BeInCrypto)