$42 Million in Shorts on the Line—Can HBAR Pull Off a Surprise Squeeze?
HBAR’s price faces a critical resistance at $0.276, with $42 million in liquidations potentially sparking a rally. Bitcoin’s price movement could drive HBAR’s next big move.
The recent Hedera (HBAR) price action has been marked by a recovery attempt after a notable drawdown. Despite showing some signs of a bounce, the altcoin’s inability to gather bullish momentum raises concerns.
A key issue is the increasing risk to traders holding short positions, as they face significant liquidation pressure.
HBAR Traders Beware
Recent data from the liquidation map reveals that about $42 million worth of short contracts could be liquidated if HBAR manages to recover and reach the $0.276 resistance level. This price point serves as a significant barrier to HBAR’s recovery.
The large volume of shorts at this level shows that many traders are not optimistic about a potential recovery. If the price crosses this barrier, it could spark a squeeze, benefiting those with long positions.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter .
HBAR Liquidation Map. Source:
HBAR’s correlation with Bitcoin has surged significantly, from 0.19 to 0.71 in just five days. This sharp increase suggests that HBAR is now more likely to follow Bitcoin’s price movements.
If Bitcoin successfully breaks the $115,000 resistance and holds it as support, HBAR may see a continued rise as well. This could provide the necessary momentum for HBAR to breach its resistance levels and recover some of its recent losses.
HBAR Correlation To Bitcoin. Source:
HBAR Price Is Looking For a Bounce
HBAR is currently trading at $0.245, sitting 12.6% below its next major resistance level of $0.276. Breaking this resistance is essential for HBAR to recover the 21% loss it incurred at the end of July.
If HBAR can secure the $0.241 support level, it would be poised to push towards $0.276. This would open the door for further price appreciation and potentially trigger the liquidation of short positions.
HBAR Price Analysis. Source:
However, if HBAR fails to maintain support at $0.241 and market sentiment remains weak, the price could continue its downward trend. A fall below $0.241 would suggest a further decline, with the next support at $0.220, invalidating the bullish outlook and shifting the focus to potential further losses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
