- Hedera hashgraph‘s HBAR token experienced significant institutional selloffs on October 10, causing a sharp price decline.
- HBAR traded in a 6% range between $0.21 and $0.22 during a volatile session.
- Trading volume spiked to 262.49 million tokens, nearly six times the daily average.
- The largest liquidation occurred between 3:30 and 3:35 PM, as corporate traders exited positions.
- Analysts suggest the market drop was linked to portfolio rebalancing and concerns over potential regulatory updates.
Hedera Hashgraph‘s HBAR token saw considerable institutional selling on October 10 during a volatile trading session. The token’s price fluctuated in a 6% band, ranging from $0.21 to $0.22 as leading market participants shifted their positions.
Trade volumes for HBAR reached 262.49 million tokens, which is nearly six times higher than the session’s average of 47.32 million tokens. The heaviest selling occurred around 3:00 PM, with the most substantial liquidation happening between 3:30 and 3:35 PM, where trading volumes exceeded 12.8 million and peaked at 16.9 million in quick succession. The price action forced HBAR through several short-term support levels before recovering modestly as trading ended.
Analysts noted that institutional selling appeared coordinated. They observed a spike in trading activity during the final hour that broke through established support in the $0.21 range. Activity in the last four minutes of trading ceased, which analysts linked to either temporary liquidity constraints or the closure of trading desks ahead of news about possible regulatory changes.
Technical analysis indicated key resistance zones above $0.22, where attempts to push the price higher failed repeatedly. Corporate buying provided brief stabilization at $0.21, but this level collapsed under selling pressure before HBAR saw a minor rebound. The sharp volume surge and abrupt session end point to broad portfolio adjustment among institutional holders, likely tied to shifts in market outlook or the approach of new regulations in the sector.
For further details and real-time data, readers can view live charts on TradingView.
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