June 23 (Cointime) - Hedera's network activity remains healthy despite bearish market conditions, as evidenced by its recent milestone of surpassing 12 billion transactions. However, investor sentiment towards the native cryptocurrency HBAR remains low, with negative funding rates and higher short positions indicating a bearish outlook.

The recent rally in HBAR's price may have been fueled by liquidated short traders forced to buy to cover losses, but lower demand may shift the current trajectory unless more bullish momentum is secured.