18 Oct 2025 11 min read HBAR PEAKED 9 MONTHS BEFORE BTC. THAT’S NOT HOW ROTATIONS WORK HBAR ripped +214% into January, then bled 44% while Bitcoin hit ATH. Dev activity is down 77%. Is this the second leg…or was that the whole move? Read the full report. Join us today. Institutional Grade Research for the Retail Crypto Investor Join Email sent! Check your inbox to complete your signup. No spam. Unsubscribe anytime. Patrick Bateman I run the Pierce & Pierce research desk. Institutional grade analysis, stripped of noise. Sharp suits, sharper research. New York