Bitcoin Treasuries Skyrocket With 60 New Announcements Within A Week

Hedera (HBAR) is showing no signs of slowing down. The token is up over 92% month-on-month, signaling strong bullish momentum. But the story doesn’t end there.

Whale wallets are piling in, funding rates are holding steady, and the price structure shows room for a potential breakout continuation. With multiple legs of support behind this move, HBAR price could be gearing up for more.

Whale Wallet Surge Signals Confidence

Whale wallets have continued their accumulation spree. Over the past week, the number of wallets holding 1 million HBAR or more rose from 67.28% to 71.41%. Also, wallets with 10 million+ HBAR jumped from 86.29% to 91.62%. That’s a more than 5% rise in a matter of days.

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Such a concentrated increase in whale holdings typically reflects growing confidence in near-term price action. It also suggests that larger players are positioning themselves before a potential continuation rally.

Whale wallet data tracks the percentage of supply held by large wallets, helping measure accumulation pressure.

Funding Rate Spikes Show Aggressive Longs

The open interest-weighted funding rate for HBAR reached 0.057% on July 18, its highest level in months. As of July 21, it sits at a still-elevated 0.01%, suggesting that long positions are maintaining their dominance.

This spike in funding rates mirrors HBAR’s recent price rally and implies that leverage is building in favor of bulls. Typically, a rising funding rate indicates aggressive long positioning. It can foreshadow continued upward momentum, especially when backed by whale accumulation.

The good thing here is that the Funding rates (despite being positive) aren’t overheated, suggesting that leveraged positions do not dominate the derivatives market. This pattern keeps the risk of a long squeeze out for now.

A long squeeze occurs when over-leveraged long positions are forced to exit as prices dip, triggering a cascade of liquidations that accelerates the price drop.

Funding rates reflect the cost of holding leveraged long vs. short positions. A positive rate means longs are paying shorts, suggesting bullish sentiment.

HBAR Price Action Hints at a Breakout Zone

From a technical perspective, HBAR is currently hovering around the 0.382 Fibonacci extension level at $0.27, after cleanly breaking above the 0.236 resistance or the $0.25 price level. This region has acted as a consolidation zone over the past few sessions, with price finding consistent support.

If this level holds, the next resistances lie at $0.28 (0.5 Fib) and $0.30 (0.618 Fib), followed by the $0.32 (0.786 Fib) level. A confirmed breakout from the 0.382 and 0.5 Fib levels could open up the HBAR price path toward $0.35+, which aligns with the 1.0 Fib extension and previous swing highs.

Fibonacci extension levels are used to identify potential targets or resistance zones by utilizing the previous impulse move and a subsequent price retracement. In this price chart, the $0.22 level is used as the retracement zone, as the current swing is still under development.

As $0.25 serves as one of the strongest support levels, a dip below it can invalidate the bullish trend for now. Also, if the HBAR price corrects below $0.22, the short-term trend might not remain bullish anymore.

The post HBAR Whale Holdings Jump 5% in a Week; Is a Price Breakout Ahead? appeared first on BeInCrypto.

Pi Network (PI) is under mounting pressure as technical indicators and community sentiment become increasingly bearish. Despite a 23% gain over the past week, PI has plunged 44% in just four days, falling below the $1 mark following backlash over its $100 million fund launch.

Indicators like the Ichimoku Cloud and BBTrend show fading momentum, with no signs of a reversal. PI may remain vulnerable to further downside if key resistance levels are reclaimed and buying pressure returns.

PI Struggles Below Cloud as Bearish Momentum Persists

The Ichimoku Cloud chart for Pi Network (PI) shows signs of ongoing weakness following a sharp decline. Price action is below the Kijun-sen (red line) and close to the Tenkan-sen (blue line), indicating that short-term momentum remains bearish.

The recent candles also interact with the lower boundary of the Kumo Cloud (green/red shaded area), showing hesitation in regaining upward traction.

The Chikou Span (green lagging line) is now positioned below the price candles, further reinforcing a bearish outlook.

Despite the current consolidation near the cloud’s edge, there’s no strong signal yet of a reversal. The leading span lines that form the Kumo ahead are flat and slightly downward-sloping, suggesting limited bullish support in the near term.

For sentiment to shift, PI must break decisively above both the Kijun-sen and the cloud, confirming a potential trend reversal.

Until then, the chart favors caution, with bears still holding the upper hand.

Pi Network Trend Strength Collapses as BBTrend Falls to 10.63

Pi Network’s BBTrend indicator has sharply declined to 10.63, after peaking near 48 just two days ago and dropping to 32 yesterday.

This steep fall reflects a significant weakening in trend strength over a short period, suggesting that the recent bullish momentum is fading quickly.

The rapid loss in trend intensity may indicate a transition toward consolidation or even a potential reversal if no new buying pressure emerges.

The BBTrend (Bollinger Band Trend) measures the strength of a price trend by comparing the width of Bollinger Bands to price volatility.

Higher values typically reflect strong trending behavior—either bullish or bearish—while lower values suggest sideways movement or weakening momentum.

At 10.63, Pi’s BBTrend suggests the asset may enter a neutral phase, where volatility contracts and price could range without clear direction unless a new breakout or breakdown develops.

Community Backlash Grows as Pi Network Drops Below $1 After Fund Launch

Following the announcement of its $100 million Pi Network Ventures fund, Pi Network is facing growing pressure from both its community and the market.

Despite launching the initiative to boost ecosystem growth and real-world adoption, critics argue that the project has failed to deliver on key promises—such as launching 100 decentralized apps (DApps), timely KYC processes, and referral rewards.

Many Pioneers see the fund as a distraction from unresolved issues, especially since applications are collected via a simple Google Form. Market sentiment reflected this frustration, with PI’s price dropping below $1 and falling 44% over the last four days.

Technically, PI’s indicators support the bearish outlook. Momentum signals like the DMI and CMF show declining strength and increased distribution, while the EMA lines are tightening and hinting at possible death crosses.

Even though PI has been up 23% over the last seven days, the recent price action suggests a loss of confidence and potential for further downside.

If the token fails to hold the key $0.80 support level, it could decline toward $0.57—but if momentum returns, a breakout above $0.94 could open the path to $1.30 or even $1.67.

The post Pi Network Sheds 44% in Four Days – Is PI Price Fading Out? appeared first on BeInCrypto.