Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Hedera Market Activity Plummets: $54M in Open Interest Vanishes as HBAR Drops 12%

Hedera Market Activity Plummets: $54M in Open Interest Vanishes as HBAR Drops 12%

YellowYellow2025/01/14 05:55
By:Yellow

Hedera's ( HBAR ) cryptocurrency value has suffered a sharp decline this week, dropping by 12% to $0.26, its lowest point over the past seven days. In response to this downturn, futures traders have increasingly placed short positions, signaling expectations of further price decreases.

Data from Coinglass reveals a bearish sentiment with HBAR's Long/Short Ratio standing at 0.86. This ratio, representing the balance between long positions (betting on a price rise) and short positions (anticipating a price fall), shows a preference for shorts with 86 longs for every 100 shorts.

This indicates that traders largely forecast a decline in HBAR’s price.

The futures market's low activity further confirms this negative sentiment. With open interest, representing the count of active contracts yet to be settled, falling to $315 million – a 17% drop in the past six days – the reduced market participation indicates traders are closing positions rather than initiating new ones, reflecting dwindling confidence.

On the daily chart, Hedera's declining Accumulation/Distribution Line (A/D Line) echoes this decrease in purchasing interest. This volume-based indicator has dropped by 6% over the week, signifying stronger selling pressure over buying interest. This underscores the market's weak confidence in HBAR’s potential.

If selling pressure intensifies, HBAR's price could breach the $0.24 support level and possibly fall to $0.16. In contrast, a rebound in demand might drive the price upward to $0.33, marking a potential recovery.

Hedera's recent price movements, illustrated by its declining market indicators, forecast a challenging path ahead, as it battles increased short positions and bearish market sentiment.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SUI Rides L2 Hype, Monero Stays Private—but Qubetics Quietly Emerges as the Top Crypto Presale to Join Now

SUI gains steam with L2 buzz, Monero holds steady in privacy markets, but Qubetics’ real-world tokenization platform is driving $17.5M+ in presale momentum. Find out why it’s the top crypto presale to join now.Qubetics Brings Real World Assets On-Chain—Finally, a Use Case That Hits HomeSUI’s Layer-2 Ambitions Could Be Just the BeginningMonero’s Privacy Appeal Holds Firm—But Can It Compete With Modern Utility Coins?Final Thoughts: All Eyes on the Top Crypto Presale—And Qubetics Leads the Pack

Coinomedia2025/06/02 10:40
SUI Rides L2 Hype, Monero Stays Private—but Qubetics Quietly Emerges as the Top Crypto Presale to Join Now

Crypto Market Breaks Out of 4-Year Monthly Range

The TOTAL chart breaks out of a 4-year-long range, signaling a bullish shift in market sentiment.A Simple Yet Powerful Chart PatternBearish Views Look Increasingly Unfounded

Coinomedia2025/06/02 10:40
Crypto Market Breaks Out of 4-Year Monthly Range

Cardano Poised for Another Bullish Surge

Cardano (ADA) mirrors past breakout patterns, hinting at a major move toward the $2.91 target.$2.91: The Next Major Milestone for ADAMarket Confidence and Momentum Rising

Coinomedia2025/06/02 10:40
Cardano Poised for Another Bullish Surge

ETHGlobal Prague Reveals Top Finalist Projects

THGlobal Prague unveils finalist projects including on-chain games, DeFi tools, and AI-powered dApps.GameFi, AI, and Cross-Chain Tools Lead the WayDeFi Tools and Utility Protocols

Coinomedia2025/06/02 10:40
ETHGlobal Prague Reveals Top Finalist Projects