Hedera (HBAR) Confronts Seasonal Bearish Trends as August 2025 Begins
Hedera's HBAR enters August 2025 with a historically bearish seasonal pattern. Data shows an average August return of -3.26% over the past five years, with 2021 being the sole exception. The token's whale concentration has surged to 77% (up from 64% in July), creating both potential support and vulnerability.
On-chain analysis reveals whales now control 96% of HBAR's 10M+ token supply, which may limit near-term buying pressure. Derivatives data and OBV indicators reflect neutral market sentiment, leaving room for profit-taking activity. July's bullish momentum now faces its first major test against HBAR's notorious August performance trend.