The demand for ETFs has fallen sharply, putting HBAR's price at risk of dropping below $0.10.

The price of Hedera (HBAR) continues to face strong pressure as the entire crypto market is encountering a weakening trend, exacerbating recent losses. After several unsuccessful attempts to bounce back, HBAR still maintains a downward trend, reflecting the cautious sentiment of investors.

This adjustment is further amplified by the drop in demand, as data from ETF funds shows that interest in HBAR from both the crypto market and traditional finance is at a very low level.

Hedera ETF has not gained traction

Throughout 2024 and into 2025, spot crypto ETFs have become the focal point of the market. Many major altcoins are expected to follow in the footsteps of Bitcoin and Ethereum by entering the ETF arena. Hedera was once considered a potential candidate due to its strong business relationships and regulatory compliance positioning.

However, the reality is not as expected. Less than two months after its launch, the Canary HBAR ETF recorded an inflow of zero on December 22nd. This data shows that interest in HBAR is extremely limited both in the crypto market and in traditional financial channels, thereby further weakening investor sentiment.

ETF capital flow HBAR | Source: SoSoValueThe lack of capital inflow into the ETF has removed an important bullish catalyst for HBAR. Without the participation of large institutions, HBAR lacks sufficient support against increasing selling pressure. This development further reinforces concerns that the previous wave of optimism about the ETF was merely speculative, lacking backing from substantial capital.

Technical indicators are also sending negative signals. The On-Balance Volume index (OBV) has fallen to its lowest level in nine months, indicating that the distribution process is still occurring strongly. OBV is a measure of whether trading volume leans towards buying or selling.

In the case of HBAR, the OBV continuously falling confirms that selling pressure is dominating recent trading sessions.

The downward OBV line indicates that the trading volume on down days significantly exceeds that on up days, reflecting decisiveness from the selling side. When the price decline is supported by large volume, the likelihood of a reversal will be very low unless a clear buying momentum appears.

The OBV index of HBAR | Source: TradingViewFor HBAR, the trend of OBV is completely in line with the general downtrend. The selling pressure is structural, not just a temporary phenomenon. Until trading volume stabilizes or turns positive, the downside risk remains high despite occasional short-term accumulation.

The fall trend of HBAR may last

Currently, HBAR is trading around $0.111, still below the resistance level of $0.120. This token has maintained a downward trend for more than six consecutive weeks. In the current context, regaining this price range is very difficult without an improvement in demand or market sentiment.

If selling pressure continues to increase, HBAR risks losing the support level of $0.110. A clear breakout could push the price down to the $0.099 range, prolonging the downtrend and reinforcing the downward momentum, increasing the risk of further losses.

HBAR price analysis | Source: TradingViewHowever, stability may still emerge if market conditions improve even slightly. Holding above the $0.110 threshold will open up opportunities for HBAR to move sideways and gradually escape the bearish structure. Even if it cannot surpass the $0.120 mark, a sustainable accumulation process will weaken the “deep fall” argument and reduce short-term risks.

Mr. Teacher