Hedera HBAR Faces Downward Pressure Despite FedEx Partnership as Bearish Derivatives Data Weighs on Price
HBAR's price is showing resilience at the $0.10 level, but this masks a deepening bearish sentiment in the derivatives markets. Negative funding rates of -0.0048% indicate that short sellers are paying long holders—a clear vote against near-term upside potential. Meanwhile, open interest has dwindled to $108.82 million, suggesting thinning liquidity and fading trader participation.
The recent FedEx-Hedera Council announcement provided a momentary boost, pushing HBAR toward $0.10. However, corporate partnerships alone rarely sustain rallies over the long term. The current market structure echoes the 2023 pattern of 'death by a thousand cuts,' where brief price spikes are met with relentless selling pressure.
Key levels to monitor: A close below $0.095 could accelerate liquidations, while reclaiming $0.105 might trigger short-covering. Given that futures traders are voting with their wallets, the path of least resistance appears to be downward for now.
