Hedera HBAR Whale Activity Surges During Price Dip, Hinting at Bullish Accumulation
Hedera's HBAR token is demonstrating resilience despite missing out on the typical ETF-driven price rally. While the broader market remains cautious, large holders are capitalizing on the recent 8% price drop to accumulate.
Data indicates a significant rise in whale activity between August 11-18, with wallets containing 10M+ HBAR increasing by 4.57 addresses. This translates to a minimum accumulation of 45.7M tokens as prices declined from $0.26 to $0.24.
The divergence between price action and whale accumulation suggests institutional investors may be positioning for potential ETF developments or technical patterns. Current market structure shows a battle between bulls and bears, with the Bull Bear Power indicator revealing underlying strength.
