Hidden HBAR Play? Analyst Flags 40% OI Spike

A crypto analyst argues Hedera (HBAR) isn’t dead despite flat prices, citing a 40% rise in open interest to $33 million and a 242% surge in futures volume in late May 2026. The analysis suggests institutional, market-neutral players are accumulating via derivatives while large wallets hold ~55% of circulating HBAR. Key takeaway: monitor derivatives flow and wallet concentration, not just spot price. Warning signs include potential stop-loss clustering around $0.085 and liquidity absorption phenomena.