Coinglass analyses show that, in the last 24 hours, HBAR has exited centralized exchanges, reaching an amount close to 2,360,000, which represents a significant and constant outflow. This action implies that a significant part of the community is moving their tokens to self-custody or long-term storage.
At the same time, funding rates on some of the major derivatives platforms, such as Binance, were in a positive range around +0.01%. After a long streak of negative results, this development confirms that operators with long positions are now required to pay a premium to maintain their positions. Therefore, the prevailing sentiment among leveraged participants remains decidedly optimistic.
Overall, these outflows and the increase in funding rates demonstrate strong conviction among spot and leveraged traders. These changes suggest that market participants are expecting a continued rise and are positioning themselves accordingly, while also reducing their exposure to the risk of sudden downturns by withdrawing tokens from exchanges.