HBAR Falls 5% as Government Shutdown Delays Critical ETF Approvals


Hedera Hashgraph’s HBAR token fell nearly 5%, from $0.22 to $0.21, between October 8 and 9, as institutional caution deepened amid ongoing regulatory uncertainty. Volatility increased to 5.4%, with strong selling between 01:00 and 08:00 on October 9 pushing volumes above 100 million units per hour. Analysts cited strong resistance at $0.22 and institutional support near $0.21 as key technical levels.

The past hour saw accelerated losses, with HBAR falling another 0.85% to $0.212. A brief recovery attempt at $0.215 quickly failed and trading volume plummeted to zero in the final minutes, indicating either technical issues or a complete institutional pullback.

The sell-off reflects broader unease in the market as the US government shutdown halts SEC operations, delaying ETF approvals. Canary Capital’s HBAR and Litecoin ETF filings remain pending, while Bitwise reduced Solana ETF fees and added staking to remain competitive. Until regulatory clarity returns, corporate treasuries are expected to remain cautious on exposure to digital assets.

HBAR/USD (TradingView)

HBAR/USD (TradingView)

Corporate risk assessment metrics
  • The token’s valuation decreased from $0.22 to $0.21 during the trading period of October 8-9, representing an institutional retracement of 4.13%.
  • Overall trading volatility of $0.012 (5.40%) exceeded normal corporate risk parameters for digital asset exposure.
  • The concentrated institutional selling occurred between 01:00 and 08:00 on October 9, indicating coordinated corporate treasury decisions.
  • Trading volumes exceeded 100 million units during peak sales periods, confirming institutional participation.
  • Major institutional resistance set at $0.22 price level for corporate entry points
  • Institutional support materialized around $0.21, creating defined risk parameters for corporate treasury management
  • The last hour of trading showed a further drop of 0.85%, widening corporate losses.
  • Intraday volatility of $0.0027 (1.26%) over the 60-minute period exceeded corporate risk tolerance thresholds.
  • The attempted recovery peaked at $0.215 around 1:24 p.m. before running into institutional profit-taking.
  • Session lows near $0.212 during 14:00 period confirmed with high volume institutional validation
  • The complete withdrawal of liquidity from the market during the last three minutes (14:10-14:12) suggests a coordinated institutional exit
  • Critical corporate resistance level set at $0.215 with immediate institutional support at $0.212

Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.



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