HBAR Drops 4% as Institutions Sell 110M Tokens

HBAR fell 4% to around $0.22 as institutional selling offloaded over 110 million tokens overnight, signaling portfolio rebalancing. Trading volume dropped 46% to $172.85 million while market cap remained near $9.5 billion. Support held at $0.21–$0.22, with resistance at $0.22–$0.23 capping recovery. In the final hour, 3.5 million HBAR traded in one minute, breaching key supports and reinforcing bearish momentum. Institutional selling and heavy trading volume underscore renewed downward pressure, suggesting further downside risk if HBAR fails to reclaim resistance at $0.23.
Bearish
The intensified institutional selling of over 110 million HBAR has shifted market sentiment to bearish. High trading volumes during after-hours and multiple breaches of the $0.22 support underscore strong selling pressure. Historically, similar large-scale divestments by institutions have led to short-term downturns, as seen in June when major holders offloaded tokens and prices declined around 5%. In the short term, traders may remain cautious, targeting lower support at $0.21, while resistance near $0.23 may cap any rallies. Long-term impact hinges on Hedera Hashgraph’s enterprise adoption and network growth, but immediate outlook is dominated by negative momentum driven by portfolio rebalancing.