Canary Capital is going absolutely ham on Hedera crypto for its ETF. Their holdings just jumped to 409.2 million HBAR, up from 390 million yesterday; that’s a massive 19.2 million HBAR added in a single day.
Their position now represents about 0.81% of HBAR’s entire supply, and here’s the kicker: there are still a bunch of other ETFs waiting in the pipeline. If those get approved and start buying too, we could see a serious supply shock that sends the price flying.
The weird part? HBAR still dropped 7% today despite $68 million flowing into the ETF. Price action isn’t matching the institutional buying yet, which could mean we’re in accumulation mode before a bigger move.
This all comes right after Wrapped Bitcoin (WBTC) officially launched on Hedera, which opens up tokenized BTC liquidity for its expanding DeFi ecosystem. So fundamentally, things are looking pretty strong even if the price isn’t showing it yet.
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HBAR Price Prediction: Hedera Crypto Is Testing an Important Support
HBAR chart is setting up one of those textbook descending channel patterns that’s been squeezing the price since late 2024, and it’s looking ready to pop. HBAR is sitting at around $0.158, down 10.76%, and has been hugging that lower support line for months now. The cool thing? Every time it tests that bottom, it bounces back. There’s clearly strong buying interest down here, even though the chart looks bearish on the surface.
These descending wedge setups are known for explosive moves once they finally break out. It’s like a spring that’s been compressed for too long; eventually, all that pressure releases violently to the upside.
Volume’s been pretty quiet during this whole consolidation, which is actually totally normal for this kind of pattern. The real action happens when HBAR breaks above that upper trendline around $0.20-$0.22 with serious volume behind it. If that happens, we could see a face-melting rally as shorts panic and retail FOMO rushes in.
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Bitcoin Hyper Might Be the Play Instead Of Waiting For Hedera
While HBAR is clearly in accumulation mode, with ETFs gobbling up supply. Another project in the Bitcoin ecosystem is already gaining major traction, Bitcoin Hyper.
Bitcoin Hyper is positioning itself as one of the strongest upcoming Bitcoin Layer 2 networks. It blends Bitcoin’s security with the speed of the Solana Virtual Machine. That means lightning-fast transactions, low fees, and support for high-performance apps while still settling back to Bitcoin, something most L2s can’t offer.
The project has already raised more than $27 million in just four months and continues pulling in early whale interest. Its trustless bridge lets users mint BTC one-to-one on the Layer 2, opening the door to fast swaps, DeFi access, and cheap transactions without ever giving up control of their actual Bitcoin.
And the timing could not be better. With Bitcoin volatile, ETFs moving billions, and liquidity shifting across the market, traders are hunting for the next big BTC ecosystem play. At just $0.01305 and with staking rewards around 43% APY, Bitcoin Hyper is quickly becoming a top contender for anyone looking to position early before the next wave of attention hits Bitcoin Layer 2s.
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Key Takeaways
- Hedera is seeing massive accumulation behind the scenes as ETF buyers like Canary Capital scoop up tens of millions of HBAR despite the price dropping.
- The chart is sitting right on a major support in a long descending channel, and a breakout above $0.20 could trigger a powerful move after months of compression.
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