HBAR has recorded its first spot inflow in the past seven days, attracting $1.5 million in fresh capital. 

This marks a positive shift in market sentiment as investors regain confidence in the altcoin. It also aligns with the broader market’s attempt to recover from recent downturns.

Bullish Momentum Builds as HBAR Gains $2 Million in Inflows

HBAR’s spot inflows surged to nearly $2 million on Monday, signaling a resurgence in bullish sentiment toward the altcoin. Data from Coinglass reveals that this is the first time HBAR has attracted fresh capital in seven days, marking a shift in investor confidence.

According to the on-chain data provider, between March 11 and 16, the altcoin faced consistent sell pressure, with spot outflows exceeding $10 million. This latest inflow suggests a bullish reversal in market sentiment, hinting at a possible recovery as investors regain interest in HBAR.

Furthermore, the altcoin’s positive Balance of Power (BoP) highlights this renewed interest. At press time, this momentum indicator is in an upward trend at 0.62. 

The BoP indicator measures the strength of buyers against sellers in the market to identify momentum shifts. A positive BoP like this suggests that buying pressure outweighs selling pressure, indicating growing demand and potential price appreciation. 

If HBAR’s BoP remains positive, it confirms the bullish dominance, reinforcing the current buying pressure and supporting a sustained uptrend in the asset’s value.

HBAR Eyes $0.22 as Demand Grows—Will Bulls Maintain Momentum?

HBAR exchanges hands at $0.19 at press time, trading above the support floor at $0.17. As demand grows, the altcoin could climb toward the resistance at $0.22.

A successful break above this level could propel HBAR’s price to $0.26, a high it last traded at on March 4.

Conversely, the bullish outlook would be invalidated if sellers regain dominance and profit-taking strengthens. In this case, HBAR’s price could fall to $0.17. 

The CME opened futures trading on Solana today, with FalconX making the first block trade. This development could provide liquidity and institutional legitimacy, even potentially helping the case for a Solana ETF.

When the SEC under Gary Gensler was considering Bitcoin and Ethereum ETFs, CME futures helped determine approval. Now that Solana has this stamp of approval, too, it could improve its chances with the Commission.

CME Offers Solana Futures Contracts

After some rumors and back-and-forth, Solana, a leading cryptoasset, finally has a substantial market for futures contracts. In January, the CME hinted it might launch SOL and XRP futures but quickly clarified that no official decision had happened. Now, however, the CME debuted Solana futures and FalconX made the first trade:

“FalconX is proud to execute the first block trade in CME SOL futures with StoneX. This highly anticipated launch marks a historic moment for the Solana ecosystem, allowing institutional investors to manage risk and price exposure on a regulated venue,” Josh Barkhordar, Head of US Sales at FalconX, said in a press release.

The CME is not the first market to offer Solana futures, as Coinbase began offering them in February after seeking CFTC approval.

However, the CME is much bigger. It is very much a pillar of the TradFi ecosystem, with well over $100 billion in total assets. As Matthew Sigel, VanEck’s Head of Digital Assets Research, noted, this could be very important for a Solana ETF.

The Solana ETF recently suffered a few setbacks; the SEC delayed several applications, prompting sizable outflows from Solana spot trading. Experts have previously noted that a sizable futures trading market helped persuade the SEC to approve ETFs for Bitcoin and Ethereum. The CME’s new Solana futures market could serve a similar function.

Besides that, the CME’s Solana futures market offers a few significant advantages. First of all, it provides a sense of institutional legitimacy, which may encourage institutional investment.

Additionally, it will greatly increase liquidity in the market. This could have a huge impact on Solana’s future market behavior, but it hasn’t changed SOL’s price in the short term.

Even if the new futures trading didn’t immediately bump Solana’s price, that’s very understandable. A development like this will hopefully set up future successes, but that doesn’t always translate to a short-term price bump.

If it encourages liquidity, institutional investment, or even a Solana ETF, then the CME could end up creating some very bullish outcomes.

Robinhood is launching a prediction markets hub thanks to a partnership with Kalshi. The hub will first offer bets on NCAA basketball tournaments but could expand after initial successes.

Both companies have been enjoying regulatory wiggle room under Trump’s administration. This new offering may put Robinhood in direct competition with Polymarket.

Robinhood’s New Prediction Market Hub

Robinhood, one of the largest trading platforms in the US, has been enjoying the recent pro-regulatory shift. Under Gary Gensler, the SEC ordered the company to pay a major fine, but it subsequently dropped its probe and penalties the following month.

Since then, Robinhood Crypto has been exploring a few new service offerings, such as a prediction markets hub.

According to a recent press release, Robinhood’s prediction markets hub will let its users trade on the outcomes of a wide variety of events. Shortly before the US election, the firm offered prediction betting on the topic of its outcome.

Now, thanks to a partnership with Kalshi, Robinhood will expand these services, beginning with US college basketball tournaments:

“[The team was] up till 4:20am working to get every single march madness game listed after Selection Sunday. The Robinhood engineering team was working in lockstep with up to ensure a smooth launch. We did it with elections and now we will do it for sports, together we will change the world of finance and trading,” claimed Tarek Mansour, CEO of Kalshi.

Kalshi also chafed under a harsh regulatory environment; last year, the CFTC tried to shut down its election-related prediction markets.

Today, however, Robinhood’s announcement claims that its prediction market hub is powered by “KalshiEX LLC, a CFTC regulated exchange.” This phrasing seems to suggest a less combative relationship with the regulator.

In any event, teaming up like this may put Robinhood in direct competition with Polymarket, the largest prediction market. Polymarket is still facing legal challenges in several worldwide jurisdictions, but its difficulties in the US have calmed down.

Robinhood, on the other hand, has been experimenting a little since Trump’s inauguration. A week after Trump took office, the firm began offering futures trading for Bitcoin and Ethereum, and its recent token listings moved the meme coin market.

In other words, Robinhood may have an opportunity to innovate and excel in a potential competition.

This prediction market hub is a major upgrade for Robinhood, but it picked a good focus area to start. Recent estimates claim that gamblers will place more than $3 billion in bets on NCAA tournaments this spring. Capturing a small share of this potential market would create significant revenue opportunities for the firm.