Hedera HBAR Faces Bearish Pressure as $6.42 Million Exits Spot Markets

HBAR, the native token of the Hedera network, has experienced $6.42 million in spot market outflows over a three-day period, per Coinglass data. This sustained capital withdrawal reflects declining investor confidence, with the token's Chaikin Money Flow indicator at -0.07, confirming negative momentum.

Technical analysis suggests continued weakness as HBAR trades below the $0.2667 resistance level, with bears now eyeing the $0.2591 support. Spot market outflows typically indicate asset holders selling and withdrawing funds from exchanges, often preceding further price drops.

The consistent outflow pattern points to a coordinated sentiment shift rather than isolated profit-taking. Market dynamics show reduced demand, with traders closing positions and reallocating capital elsewhere.