HBAR risks $6.23M in long liquidations as overbought signals and leverage build

Beincrypto reports Hedera's HBAR risks about $6.23 million in long liquidations as overbought signals and rising leverage leave bullish traders exposed.

Liquidation heatmap data show a concentration of risk between $0.124 and $0.122; a slide toward that lower bound could wipe out roughly $6.23 million in long positions and intensify selling. The Money Flow Index has crossed above 80, signaling overbought conditions, and forced liquidations often accelerate declines as leverage unwinds. HBAR trades near $0.126 at the time of writing and remains below the $0.130 resistance while failing to break a six-week downtrend that has repeatedly capped rallies.

If demand fails to absorb selling, a downside move could push HBAR below $0.125 toward the $0.120 support and trigger long liquidations that accelerate losses. A bullish alternative would require strong spot demand or broader market improvement to lift HBAR above $0.130 and toward $0.141, which would invalidate the bearish outlook.

Key Topics

Crypto, Hedera, Hbar, Money Flow Index, Long Liquidations, Coinglass