HBAR trades near $0.111 as selling pressure mounts and institutional demand through exchange-traded products shows no signs of recovery. The Canary HBAR ETF recorded zero inflows on Dec. 22, less than two months after launch, signaling weak appetite from both crypto-native and traditional finance investors.

What Happened: ETF Demand Evaporates

Hedera entered the spot crypto ETF market alongside several major altcoins expected to follow Bitcoin and Ethereum into regulated investment products.

The token's enterprise partnerships and compliance-focused positioning supported optimism around institutional adoption through ETF channels.

Recent data from SoSoValue contradicts that narrative.

The Canary HBAR ETF attracted no new capital on Dec. 22, reflecting limited interest across both retail and institutional investor bases. Without sustained inflows, HBAR lacks a meaningful buffer against ongoing distribution pressure.

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Why It Matters: Technical Weakness Deepens

On-balance volume has dropped to a nine-month low, confirming that sell-side activity dominates recent trading sessions. OBV measures cumulative volume flow, with declining readings indicating that selling pressure exceeds buying interest on most trading days.

The metric suggests conviction behind the current downturn rather than temporary profit-taking.

HBAR has traded in a downtrend for more than six weeks, failing multiple attempts to reclaim the $0.120 resistance level. Technical conditions suggest further downside risk without a clear demand catalyst.

A breakdown below the $0.110 support could push HBAR toward $0.099, extending losses and reinforcing bearish momentum. Modest stabilization remains possible if the token holds current levels and gradually escapes the downtrend structure through sustained consolidation.

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