HBAR 牛市陷阱和長期清算延遲，但不否認反彈

HBAR 是 Hedera 生態系統中的原生加密貨幣，自 8 月以來一直在盤整區域內交易。它剛剛嘗試了第三次努力

HBAR, the native cryptocurrency of the Hedera ecosystem, has been trading within a consolidation zone since early August. Its latest attempt at breaking out of this zone began on 5 November, just like most cryptocurrencies, thanks to the bullish market sentiment.

HBAR 是 Hedera 生態系統的原生加密貨幣，自 8 月初以來一直在盤整區域內交易。與大多數加密貨幣一樣，由於看漲的市場情緒，其最近一次突破該區域的嘗試開始於 11 月 5 日。

However, this recent attempt saw it push past short term resistance at the $0.063. HBAR soared as high as $0.077 on 12 November in a move that turned out to be a bull trap. This is because price quickly pulled back by more than 20%.

然而，最近的嘗試使其突破了 0.063 美元的短期阻力位。 11 月 12 日，HBAR 飆升至 0.077 美元，此舉最終被證明是牛市陷阱。這是因為價格迅速回落超過 20%。

The pullback occurred after price dipped into overbought territory on the 4-hour chart. This recent attempt at breaking out of a lower time frame appeared to have been thwarted by the pullback. An evaluation of the pullback’s impact is warranted.

此次回檔是在 4 小時圖上價格跌至超買區域後發生的。最近突破較低時間框架的嘗試似乎因回調而受挫。有必要對回調的影響進行評估。

Long Positions Get Obliterated

多頭頭寸被抹去

HBAR's recent upside may have encouraged a surge in leveraged long positions, especially considering that many of the major coins including BTC are rallying to new highs. A look at liquidation data confirmed the bull trap scenario.

HBAR 最近的上漲可能鼓勵了槓桿多頭頭寸的激增，特別是考慮到包括 BTC 在內的許多主要代幣都上漲至新高。清算數據證實了牛市陷阱的情況。

According to Coinglass, HBAR's total liquidations on 12 November peaked at $886,150 with short positions on the same day peaking at $539,450. These were the highest single day liquidation figures observed in the last 6 months.

根據 Coinglass 的數據，HBAR 的清算總額在 11 月 12 日達到高峰 886,150 美元，同日空頭部位達到高峰 539,450 美元。這是過去 6 個月觀察到的最高單日清算數字。

Long liquidations also peaked at $620,750 on 13 November against $54,110 in short liquidations. The surge in liquidations on the same day that price pulled back confirmed that liquidations played a role in the robust sell pressure.

多頭清算也在 11 月 13 日達到高峰 620,750 美元，而空頭清算則為 54,110 美元。價格回落的同一天清算量激增，證實了清算在強勁的拋售壓力中發揮了作用。

The liquidations were also in line with the recently observed surge in open interest. HBAR futures open interest peaked at $61.11 on 13 November. It is possible that most of the open interest observed on that day was in favor of the bears.

清算也與最近觀察到的未平倉合約激增一致。 11 月 13 日，HBAR 期貨未平倉合約達到 61.11 美元的高峰。當天觀察到的大部分未平倉部位可能有利於空頭。

The latest surge in open interest saw it rally to a new 6-month high. This surge was nowhere near the levels observed at the height of HBAR demand in April. However, it does suggest that the cryptocurrency is gradually experiencing renewed interest.

最新的持倉量激增使其升至 6 個月新高。這一激增遠低於 4 月 HBAR 需求高峰時所觀察到的。然而，它確實表明加密貨幣正在逐漸重新引起人們的興趣。

HBAR Delay is Not Denial

HBAR 延遲並不意味著拒絕

HBAR's bull trap and long liquidations may have delayed the rally, but this does not necessarily mean that it will not happen. The liquidations underscore a leverage shakedown but HBAR was still significantly undervalued.

HBAR 的牛市陷阱和多頭清算可能推遲了反彈，但這並不一定意味著它不會發生。此次清算凸顯了槓桿率的下降，但 HBAR 的價值仍被嚴重低估。

Especially compared to its current 2024 high. Many might still hold the cryptocurrency because of its potential upside. HBAR was already in the process of another bullish breakout attempt from its consolidation zone at the time of writing.

尤其是與目前的 2024 年高點相比。由於其潛在的上漲空間，許多人可能仍然持有加密貨幣。截至撰寫本文時，HBAR 已經在嘗試從盤整區域進行另一次看漲突破。

This was a sign that demand was still active. The elimination of leveraged position may set the stage for another rally attempt with lower risk of a long squeeze scenario as observed earlier in the week.

這表明需求仍然活躍。槓桿頭寸的消除可能為另一次反彈嘗試奠定基礎，正如本週早些時候觀察到的那樣，多頭擠壓的風險較低。