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Hedera HBAR Futures Rally to $450M Open Interest Signals Bullish Market Sentiment
Hedera HBAR Futures Rally to $450M Open Interest Signals Bullish Market Sentiment
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR futures market has hit a critical juncture as open interest skyrockets to $450 million, signaling strong demand for Leveraged positions. This surge highlights increasing trader participation and institutional interest in the asset.
The market movement is being driven partly by speculation about a potential HBAR ETF, though analysts warn against overemphasizing this single factor. With risk appetite growing, HBAR faces potential volatility as it approaches the key $0.2570 resistance level.
Historically, heightened futures activity precedes price swings in crypto markets. HBAR's ability to maintain its upward momentum will depend on whether the current bullish market sentiment persists.
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