HBAR ETF Inflows Fail to Spark Momentum Amid Bearish Market Conditions

Hedera's (HBAR) ETF inflows in July were its strongest monthly inflow since May, reaching over $3 million. Despite this, HBAR remains bearish after breaking below the key $0.07 support level.

This has raised questions about whether institutional conviction is enough to propel an altcoin during a risk-off market. From a technical perspective, HBAR's consolidation around this range since mid-June suggests that institutional flows have helped absorb selling pressure.

The broader market remains in a risk-off phase, with Bitcoin struggling below the $65k resistance level. However, if altcoin rotation returns, HBAR could benefit from the momentum built during July, when the ETH/BTC pair closed the month up 10.5%.