HBAR, the native token of Hedera, is trading at $0.09153 after a 7.98% drop. The pullback comes as a triangular chart formation reaches a critical point, while the network pushes deeper into enterprise blockchain with new IBM Cloud and Taurus integrations.
Derivatives activity continues to dominate trading. CoinGlass data from Sept. 24 put HBAR futures volume at $206.56 million, compared with spot volume of $67.92 million — meaning leveraged traders accounted for more than three times the activity of spot buyers.
HBAR Triangle Puts Price Resolution in Focus
HBAR’s chart structure has compressed into a triangle, placing traders’ focus on its next directional move. The setup follows a sharp daily decline, with the token trading below recent levels.
Open interest reached $145.21 million, signaling that substantial futures exposure remains active. As the triangle narrows, changes in leveraged positioning could become important in determining whether HBAR breaks upward or extends its slide.
The supply picture is clearly defined. Hedera has a fixed maximum supply of 50 billion HBAR, and 43.83 billion tokens are already in circulation. That means most of the network’s maximum token supply is now available, giving traders full visibility into supply dynamics.
IBM Cloud Listing Expands Hedera’s Enterprise Reach
On the enterprise side, The Hashgraph Group has become an IBM Silver Partner, according to crypto account ALLINCRYPTO. Its Hedera-powered IDTrust platform is now listed on IBM Cloud, making the technology accessible to IBM’s global customer base.
This development broadens Hedera’s exposure beyond cryptocurrency trading. IDTrust gives enterprise users another route to interact with technology running on Hedera infrastructure. IBM is already a member of Hedera’s governing council, which also includes Google, Deutsche Telekom, and Standard Bank.
Hedera says its network has processed more than 70 billion transactions. Lloyds Bank recently used Hedera to post tokenized gilts and fund units as foreign exchange collateral, underscoring the network’s institutional appeal.
Taurus Completes Full Hedera Stack Integration
Taurus, a Swiss digital asset infrastructure provider, has completed an 18-month integration of Hedera’s full technology stack. The company serves more than 40 banks and regulated financial institutions, including Deutsche Bank, CACEIS, and State Street.
The integration allows Taurus clients to custody and stake HBAR, issue tokens, and deploy smart contracts through one platform. It covers Taurus-PROTECT, Taurus-EXPLORER, and Taurus-CAPITAL. The final development added smart contract functionality through Hedera’s EVM-compatible Smart Contract Service, which supports Solidity and other established Ethereum development tools.
Institutions can also issue assets through the Hedera Token Service. Potential applications include tokenized bonds, funds, stablecoins, and other programmable financial instruments.
Taurus co-founder Lamine Brahimi said financial institutions want infrastructure that supports more than one digital asset use case. Clients are looking for a single platform that covers their broader digital asset strategies, he added.
What to Watch Next
The central question is whether HBAR’s tightening triangle will resolve to the upside alongside stronger enterprise activity, or whether derivatives-led selling will continue to control short-term price action. Traders may want to monitor the triangle, derivatives positioning, and institutional adoption as the next price move develops.