HBAR 牛市陷阱和长期清算延迟，但不否认反弹

HBAR 是 Hedera 生态系统中的原生加密货币，自 8 月份以来一直在盘整区域内交易。它刚刚尝试了第三次努力

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 生态系统的原生加密货币，自 8 月初以来一直在盘整区域内交易。与大多数加密货币一样，由于看涨的市场情绪，其最近一次突破该区域的尝试开始于 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，最近的尝试使其突破了 0.063 美元的短期阻力位。 11 月 12 日，HBAR 飙升至 0.077 美元，此举最终被证明是牛市陷阱。这是因为价格迅速回落超过 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.

此次回调是在 4 小时图上价格跌至超买区域后发生的。最近突破较低时间框架的尝试似乎因回调而受挫。有必要对回调的影响进行评估。

Long Positions Get Obliterated

多头头寸被抹去

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 最近的上涨可能鼓励了杠杆多头头寸的激增，特别是考虑到包括 BTC 在内的许多主要代币都上涨至新高。清算数据证实了牛市陷阱的情况。

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.

根据 Coinglass 的数据，HBAR 的清算总额在 11 月 12 日达到峰值 886,150 美元，同日空头头寸达到峰值 539,450 美元。这是过去 6 个月观察到的最高单日清算数字。

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.

多头清算也在 11 月 13 日达到峰值 620,750 美元，而空头清算则为 54,110 美元。价格回落的同一天清算量激增，证实了清算在强劲的抛售压力中发挥了作用。

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.

清算也与最近观察到的未平仓合约激增一致。 11 月 13 日，HBAR 期货未平仓合约达到 61.11 美元的峰值。当天观察到的大部分未平仓头寸可能有利于空头。

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.

最新的持仓量激增使其升至 6 个月新高。这一激增远低于 4 月份 HBAR 需求高峰时观察到的水平。然而，它确实表明加密货币正在逐渐重新引起人们的兴趣。

HBAR Delay is Not Denial

HBAR 延迟并不意味着拒绝

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 的牛市陷阱和多头清算可能推迟了反弹，但这并不一定意味着它不会发生。此次清算凸显了杠杆率的下降，但 HBAR 的价值仍然被严重低估。

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.

尤其是与目前的 2024 年高点相比。由于其潜在的上涨空间，许多人可能仍然持有加密货币。截至撰写本文时，HBAR 已经在尝试从盘整区域进行另一次看涨突破。

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.

这表明需求仍然活跃。杠杆头寸的消除可能为另一次反弹尝试奠定基础，正如本周早些时候观察到的那样，多头挤压的风险较低。