Ted
Bitcoin/Ethereum Research, On-Chain Data & Macro-Based Trading
Negative OKX funding and net-short top traders could fuel a Hedera short squeeze if price reclaims its 50-day averages. Price is still below every short-term moving average and RSI remains weak at 44. A daily close above $0.0878 could open $0.091-$0.0945; losing $0.0833 instead puts $0.0798 back in play, below which the weekly support band breaks. x.comÂ
Hedera's $4 billion market cap is not backed by real usage. The network generated $0 in revenue over the last 24 hours, and HBAR's price is moving on partnership announcements rather than on-chain activity. With no revenue and no demand, the valuation is hopium with a chart attached, not adoption. x.comÂ
Hedera is still absorbing the fallout from the Bonzo Finance exploit, and the market is still pricing in the damage. Chain TVL has fallen 45% over the past month, Bonzo has lost nearly 78% of its TVL, and HBAR is down 10.5% on the month. Security scares can erase months of trust overnight, while adoption takes longer to show up in price. x.comÂ
Crypto stays in a bear market for roughly the next 3-8 months, even after the SEC and CFTC jointly clarified that most crypto assets are not securities. Their interpretation explicitly names Bitcoin, Ether, Solana, XRP, Cardano, Dogecoin, Chainlink and others as non-securities, a win for clarity that should lift investor confidence. That news may spark a short-term relief rally over the coming weeks but will not cancel the bear market. The outlook is bullish over a 5-20 year horizon. x.com x.com … Show more
Cardano, Hedera and Polkadot lost a potential demand catalyst after Grayscale withdrew its ETF filings for ADA, HBAR and DOT, which is clearly not bullish. Per @ZenaXBT, the filings had sat with the SEC for about a year, and no reason was given. x.comÂ
