HBAR Faces 30% Risk as TVL Slump Deepens Without ETF Support

Beincrypto reports HBAR price remains under heavy pressure as the token is down nearly 47% over the past three months and has slipped another 6% in the past 24 hours, tracking Bitcoin’s latest decline. Hedera’s price has been falling steadily since September, losing almost 67% from its highs.

Total value locked fell from near $122.5 million in September to around $56 million, a decline of more than 50%, indicating liquidity has been leaving the network for months. The price entered a falling channel in mid-September, with each rally weaker and breakdowns pushing the token lower.

On-chain indicators are mixed: the Chaikin Money Flow has risen since mid-December, creating a bullish divergence while remaining below zero, and spot HBAR ETFs showed no recent inflows over the past two weeks. Meanwhile, On-Balance Volume has trended lower since October and recently broke below its descending support, signaling weakening participation.