Hedera is moving into a risky zone. Over the past month, buying pressure has dropped by nearly 90%, even as the HBAR price continues to slide. While the broader crypto market is trying to stabilize, Hedera is not seeing the same response, especially on the charts.

Buyers are stepping away instead of buying dips. At this point, a downside break is no longer a low-chance outcome. It is starting to look like the base case.

Spot Buying Has Almost Vanished as Downtrend Stays Intact

The HBAR spot market shows the clearest warning.

In the week ending November 10, Hedera recorded spot outflows of approximately $26.7 million, indicating strong buying as coins moved off exchanges. By the week ending December 15, that number fell to just $2.4 million. That is a collapse of roughly 90% in buying pressure in little more than a month.

This is significant because the price is already trading within a descending channel, a bearish pattern. When buyers disappear during a downtrend, sellers need little force to push the price lower. The market becomes fragile.

The Money Flow Index, or MFI, confirms this weakness. MFI tracks how much money is entering or leaving an asset using both price and volume. In HBAR’s case, MFI has been making lower lows along with price and has now slipped into oversold territory. Instead of bouncing, it keeps trending down.

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That indicates that dips are not being bought, suggesting minimal price-specific conviction.

Why the HBAR Price Breakdown Scenario Is Gaining Weight

With weak spot demand and falling money flow, the HBAR price action becomes the final judge.

HBAR is sitting near the lower boundary of its descending channel. The first key level to watch is $0.106. If price loses this level on a daily close, the next downside target comes in near $0.095, which is about 12% lower than current levels. Reaching there would mean a confirmed bearish breakdown, bringing even $0.078 into the mix.

That move would confirm continuation of the downtrend rather than a temporary dip.

For the bearish case to break, HBAR would need a major shift. Price would have to reclaim several resistance zones and close near $0.155. Given the collapse in spot buying and the persistence of weak MFI, that outcome appears unlikely at present.

The conclusion is straightforward. With buyers largely gone, money flow falling, and price already trapped in a bearish structure, a breakdown is no longer just a risk. For now, it is the base case, or rather a likely outcome.

The post 90% of HBAR Buyers Are Gone — Is Price Breakdown Now the Base Case? appeared first on BeInCrypto.

Zcash price has struggled to find a clear direction over the past few weeks, despite being up over 600% in the 3-month window. The token is moving sideways even as other parts of the crypto market attempt small rebounds.

This comes despite fresh attention from a high-profile voice in crypto. In a recent interview, Arthur Hayes spoke positively about Zcash’s design.

Still, the ZEC price action shows hesitation despite the near 4% uptick, day-on-day. Traders are now weighing whether this support matters in the short term or if charts will decide first.

Arthur Hayes Said This About The Privacy Model

Arthur Hayes is the co-founder of BitMEX and a well-known crypto market figure. In a recent interview with Kyle Chasse, Hayes explained why his view on privacy coins has changed over time.

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— Kyle Chassé 🐸 (@Kylechasse) December 18, 2025

He said that while Monero was once seen as the strongest privacy option, new data and upgrades shifted his thinking. Hayes highlighted Zcash’s progress, particularly in shielded transactions and cryptographic improvements.

“That’s one of the reasons why I moved from the Monero camp into the Zcash camp when we talk about privacy coins,” he said, 30 minutes into interview.

What matters here is context. Hayes did not talk about Zcash price targets. He did not say buyers should rush in. His comments focused on technology and design, not market timing.

That distinction explains why the price has not reacted yet.

Why Zcash Price Has Not Reacted Yet

Despite the attention from Arthur Hayes, the Zcash price has not moved much. The reason is visible on the chart.

First, a bearish EMA crossover is forming. EMA means exponential moving average. It shows the average price but gives more weight to recent moves.

When the 20-day moves below the 50-day, it usually means short-term sellers are stronger than buyers. Right now, the 20-day EMA is very close to crossing below the 50-day. This keeps traders cautious.

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Second, on-balance volume (OBV) is not helping the price. OBV tracks whether volume is flowing in or out. Between December 12 and December 18, the Zcash price trended lower, and OBV also weakened. This indicates that buyers are not yet adding strength. Without a rising OBV, rallies often fail, and downside moves usually do not reverse.

Put together, the picture is clear. The EMA crossover warns of short-term pressure. OBV shows weak follow-through from buyers. This explains why the Zcash price remains stuck and waits for a clear direction.

Arthur Hayes’ comments provide long-term confidence, but charts indicate that traders are waiting for technical evidence. Until buyers step in with volume, the price is likely to remain undecided.

What Could Decide the Next Zcash Price Move

Large capital flows provide the clearest clue. The CMF or Chaikin Money Flow indicator has been rising between December 11 and December 18, while the ZEC price corrected. This pattern means larger holders are showing interest even while the prices remain weak.

However, CMF is still below the zero line. That matters. A move above zero often confirms real buying. In past cases, like in early November, the price followed strongly once the CMF crossed that level.

For Zcash, the levels are clear. A clean daily close above $434 would show buyers are taking control again. If that happens, the next important zone sits near $516.

On the downside, $371 is the first key support. If the price slips below that level, sellers could push it toward $301, where previous buying interest appeared.

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