6 Months of HBAR Long Liquidations — The Worst May Not Be Over
HBAR faces continued downward pressure due to six months of high long liquidation dominance and negative capital flow, suggesting further declines are likely.Summary
Hedera (HBAR) is struggling near $0.0951, threatened by a descending trendline and persistent capital outflows. Analysis of six months of futures data shows that long liquidation dominance has consistently remained above 50%, often spiking near 90% during relief rallies, indicating that overleveraged long positions are repeatedly being forced out, confirming a bearish structural pattern.
This bearish outlook is reinforced by the Chaikin Money Flow (CMF) indicator, which has dropped to -0.11, showing selling volume outweighs buying volume, with capital consistently leaving HBAR at an accelerating rate. Furthermore, weighted social sentiment remains negative at -0.574, suggesting a lack of conviction among buyers to sustain any price bounce.
Technically, HBAR is trading below downward-sloping moving averages and is currently testing the $0.0930 support level. A break below this, followed by a close below $0.0886, could accelerate selling due to the high number of leveraged longs. The bearish thesis only invalidates if HBAR breaks and sustains a close above $0.1031.
(Source：BeInCrypto)