💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Bloomberg Analyst: Silver ETF Returns Are "Exaggerated" but Limited Capital Inflows, IBIT Wind Resistance Attracts Funds, Sending Long-term Bullish Signals for BTCSum upBloomberg analysts pointed out that the recent returns of the silver ETF SLV are exaggerated with limited capital inflows, attracting only about $1 billion; in contrast, the Bitcoin ETF IBIT, despite a 24% price retreat, has received over $6 billion in net inflows, indicating a positive signal for its long-term prospects.Odaily Planet Daily reported that senior ETF analyst Eric Balchunas on the X platform stated that the recent performance of the Silver ETF SLV has been "exaggerated to the point of being absurd," but the fund's inflows have been quite limited, attracting only about $1 billion over the past 6 months. Investors should be aware of the risks. In contrast, BlackRock's Bitcoin spot ETF IBIT, although its price has retraced about 24%, still recorded over $6 billion in net inflows. This is a very positive sign for Bitcoin's long-term prospects because, in a bullish market, any ordinary ETF can attract funds, and the fact that it continues to receive inflows during long-term tough phases is truly "hardcore" ETF.