$HBAR Faces Deeper Sell-Off Threat as Grayscale Withdraws ETF Filing

Hedera ($HBAR) is facing intense pressure after Grayscale's decision to withdraw its $HBAR ETF filing. This move removes a key institutional narrative and adds weight to bearish sentiment.

According to SoSoValue, $HBAR has seen just over $462k in net ETF flows, showing that institutional flows remain relatively weak. The timing of Grayscale's withdrawal couldn't be worse, as it coincides with weakening sentiment and slowing ETF momentum.

From a technical standpoint, the combination of these factors is hitting Hedera at its most vulnerable point. If this trend continues, $HBAR could face a much deeper sell-off and potentially enter a full-blown capitulation cycle.