HBAR fell to a two-month low as traders withdrew $36 million from futures markets, signaling a sharp loss of conviction in the token’s near-term outlook. A rapid contraction in open interest and a breakdown beneath key support intensified bearish sentiment, with price action weakening as participation thinned.
HBAR traders closed leveraged positions aggressively, cutting open interest from $140 million to $104 million in four days, a pace consistent with rapid deleveraging. The decline coincided with a breach of the $0.110 support and an 11.5% slide from $0.1426 to $0.1281, highlighting material selling pressure during the fall.
The Relative Strength Index dropped into oversold territory as trading volumes declined. RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, while open interest, representing outstanding derivative contracts, fell markedly and signaled fading speculative commitment.
Immediate resistance for any recovery sits above the breached $0.110 mark, with additional barriers near $0.125. Key intraday supports clustered around the $0.1277–$0.1281 zone during the sell-off, and absent a decisive reclaim of those levels supported by renewed volume, lower prices remain a credible near-term path.
HBAR futures exodus and technical breakdown
The $36 million withdrawal from futures is a practical signal for product teams and institutional desks, suggesting counterparty exposure and margin requirements may be reassessed as liquidity provisioning tightens. Rapid deleveraging elevates operational risks such as forced liquidations and widened spreads, increasing execution costs and affecting NAV calculations for tokenized products.
Oversold conditions can attract opportunistic buyers, but any accumulation is conditional on broader market momentum and macro drivers. For compliance and risk teams, the episode underscores the need to monitor derivatives open interest and price-support dynamics as part of stress-testing frameworks.
Hedera’s ongoing development and enterprise adoption remain part of the long-term narrative; however, current market behavior shows sentiment has eclipsed these positives in driving price action. Institutional selling, not just retail flows, contributed materially to the decline and liquidity tightening.
