The big capital is turning its back on Hedera and that 11% bounce seems to be a trap to leave more than one caught. 📉 Although the price of HBAR tried to lift its head out of the water after hitting bottom on December 19, the reality is that real money (the whales' and institutions') is exiting through the back door. If it weren't for Bitcoin's shadow, this could get much uglier.
Here's the thing: HBAR has lost almost half of its value in the last three months. That recent small jump is nothing more than a breather in the middle of a free fall. What really worries is the Chaikin Money Flow (CMF), an indicator that tells us whether people are accumulating or releasing the token. The chart is clear: while the price is inching up a bit for the photo, the money flow continues to decline, breaking records of weakness. It's as if the ship is trying to move forward while having a huge hole in the hull. 🚢🆘
Now, what could save Hedera from going straight down to $0.08? We have two possible "lifelines":
The short squeeze: There are many people betting that HBAR will continue to fall. If the price suddenly rises due to some news or external movement, all those "bears" would have to close their positions quickly, buying the token and driving the price up purely from pressure. 💥
Daddy Bitcoin: HBAR moves almost hand in hand with the orange giant (they have a very high correlation of 0.85). If Bitcoin decides to rise strongly, it will take Hedera along for the ride, whether it wants to or not.
If HBAR fails to defend $0.10 and quickly recover $0.13, what we are seeing is just the last gasp before a deeper fall. Market sentiment is in "extreme fear" mode and the Hedera ETFs, which promised to bring millions, are drier than a desert right now. 🌵
The question is: Are we seeing the end of the fall or just the rest before the big players finish liquidating what they have left?$HBAR
