Hedera HBAR’s 5-Month High Rally Stalls Amid Profit-Taking Pressure

HBAR's climb to a five-month high proved short-lived as traders took profits, resulting in a 5% pullback despite overall market positivity. The altcoin's retreat underscores the volatility of crypto rallies when faced with concentrated selling activity.

Futures markets show concerning trends, with open interest rising 8% to $497 million as prices fall—a typical bearish signal. New positions suggest anticipation of further declines, evidenced by the long/short ratio dropping to 0.97. Increasing Leveraged positions during price drops often signals impending liquidation waves.

Coinglass data paints a conflicted picture: speculative interest builds just as spot demand softens. These conditions typically precede sharp price swings, especially for mid-cap assets like HBAR where liquidity can dry up suddenly.