Hedera HBAR Faces Futures Market Turmoil as Long Liquidations Hit 88% Dominance

HBAR's price has dropped 17% since Sunday, with a 9% decline in the past 24 hours, testing key support at $0.24. The futures market reflects extreme bearish sentiment, with long liquidations making up 88% of total activity—indicating capitulation among bullish traders.

Institutional investors are exiting, as shown by the Smart Money Index falling to 0.98. This metric, which tracks sophisticated capital flows, suggests whales and experienced traders are rapidly closing positions. The wave of forced liquidations is creating a self-reinforcing downward spiral, characteristic of bear market shakeouts.

While the broader crypto market is under pressure, HBAR's derivatives data shows particularly severe stress. Glassnode's liquidation metrics above 80% have historically signaled accelerated downturns when automated selling overwhelms buy-side liquidity.