I’m not a big fan of such format of analysis, but I was reading about Wyckoff and found something interesting! This is (HBARBTC) 1-day log chart.
Based on Wyckoff logic, we potentially see the strategy behind Hedera’s market making. Remember, Bitcoin is the key resource in crypto. Every project that wants to survive should think about how to gain more BTC. That’s why (DOGEUSDT) or (SHIBUSDT) are still around—not just because of funny memes. That’s why we have strict cycles in crypto. Everyone plays by the rules, just as in fiat markets where everyone plays by the DXY (US Dollar) rules.
So, I think HBAR management is accumulating a lot of BTC. I hope this is the correct understanding of the situation with HBAR, and soon we will see the next phase of a really powerful HBAR!