HBAR Open Interest Hits $450M As Price Faces Strong Resistance- Is It A Good Time to Buy?

The futures Open Interest of Hedera (HBAR) has rocketed to a new high of US$ 450 million. This big jump indicates that traders are getting into the market with leverage positions hoping to get big price moves. While the recent ETF news has brought more attention to Hedera, the Open Interest surge goes beyond hype. It indicates that HBAR futures market is currently receiving serious capital flow.