HBAR Futures Open Interest Hits $450M as Bullish Momentum Builds – Is This the Dip to Buy?
HBAR futures have surged to a record $450 million in open interest, signaling a major uptick in trader confidence and speculative inflows. This rise comes alongside bullish technical signals, positive funding rates, and increased institutional interest—all pointing to growing momentum behind Hedera’s native token.
HBAR’s Technical Breakout and Bullish Setups
The price of HBAR recently rebounded from a strong demand zone near $0.15, forming a classic double-bottom reversal pattern. This launched a rally that reclaimed key mid-range resistance levels and briefly pushed the price up to $0.265 before settling near $0.233. The Parabolic SAR confirms a bullish trend shift, though the RSI currently sits at an elevated 77.4, indicating overbought conditions that could prompt a pullback or period of consolidation.
For the bulls, maintaining support between $0.20 and $0.22 is critical. If this range holds, a renewed push toward $0.265 and possibly $0.35—the next significant resistance—remains on the table. However, slipping below $0.22 could trigger a correction toward $0.20 or even $0.19, potentially disrupting the current uptrend.
Spot Outflows and Positive Funding Underscore Market Confidence
Recent on-chain data shows over 2.36 million HBAR tokens were withdrawn from centralized exchanges in the past 24 hours, pointing to growing long-term conviction among holders. This shift to self-custody reflects broader confidence in the asset’s future trajectory.
Simultaneously, funding rates on derivatives platforms like Binance have flipped positive for the first time in a while, confirming increased demand from long traders. These rates now hover around +0.01%, indicating that bullish leveraged traders are paying a premium to maintain their positions—another sign of confidence in continued upside.
Institutional Adoption Strengthens Hedera’s Use Case
Adding further support to the bullish case is institutional activity. Lloyds Bank and Aberdeen Asset Management, through Archax, have launched tokenized real-world asset (RWA) pilots on the Hedera network. With Lloyds managing a $60 billion market cap and Aberdeen overseeing over $650 billion in assets, this partnership validates Hedera’s potential for scalable, enterprise-grade tokenization—especially in the UK, where over $5.4 trillion in derivatives settle daily.
ETF Speculation and Growing Institutional Interest Fuel Bullish Sentiment
Excitement is also building around a potential HBAR ETF, with approval odds estimated at 90%. Combined with institutional pilot programs and strong on-chain signals, this has created a unique environment of both technical and fundamental strength.
Conclusion
HBAR’s recent price action and market dynamics suggest strong long-term potential. A combination of technical breakouts, record open interest, steady outflows from exchanges, and institutional trust makes a compelling case for bullish continuation. For traders eyeing long positions, this may be an opportunity to accumulate on pullbacks—but as always, proceed with caution and do your own research.
