Overview
- Hedera announced a multi-year deal as an Official Partner of the McLaren F1 Team and Arrow McLaren IndyCar, with initial fan products centered on digital collectibles released during race weekends.
- HBAR traded near the $0.10 area after the news, extending a slide that leaves the token about 65% below mid‑2025 peaks and puts market capitalization around $4.65 billion.
- Chart analyses highlight a descending triangle with support near $0.1037 that, if broken, could open a move toward roughly $0.085 based on recent technical reporting.
- Network activity remains subdued, with total value locked around $61–62 million and a stablecoin market cap near $52 million, pointing to limited ecosystem momentum.
- Derivatives desks have increased short positions, while the Canary HBAR ETF posted over $5.58 million of monthly inflows to $89 million cumulatively, a pace that has not reversed selling pressure.