Last week I noticed, that

---

---

According to @ausbitbank's HBD site,
The HBD "Print Rate" has been reduced to 0 %.

This means that rewards are coming in as vests only.

Claim rewards 0.585 HIVE, 0.849 HP - 2 days ago
Claim rewards 0.446 HIVE, 1.229 HP - 2 days ago

"HBD Marketcap is currently 21.675 % of HIVE Marketcap"

The Ratio rose this week from 14-22% of Hive market cap, now down to 21.675%. This has pushed the price down to under 0.08 HBD and you can get 100 HIVE for about 7.68 HBD right now. "When the debt ratio is between 20% and 30%, the blockchain will print HBD on the basis of this formula: HBD print rate = 100% * (10 - debt ratio)"

"This means that the closer the debt ratio is to 30%, the less HBD will be printed and replaced by more HIVE, until will be HIVE only when the debt ratio reaches 30%. The above rule is often referenced as the "haircut" rule."

https://hive.ausbit.dev/@arcange/understanding-the-hive-debt-ratio"

How much value can be stored up in HBD?

$32.7m is our 'value reserve', cups of HIVE stored in smart contract as HBD.

https://www.coingecko.com/en/coins/hive_dollar

Add that to the market cap of HIVE. Does this say $37,620,258???

https://www.coingecko.com/en/coins/hive

Isn't 32/37= 0.86?

Waiting for cheaper Hive is always a losing bet, 8 hours later.

https://wallet.hive.blog/market

Bitcoin fell from around $70,800 USDT yesterday to $69,000 USDT right now.

https://www.bitget.com/trading-bot/spot/BTCUSDT

If we look at the Daily HIVE candles for February 2026, we can see the 'bottom' form.

Sometimes you just gotta accept the price as it is, and pay the cost. Better to get a fair price than an outrageous one. Hive on Bitget is trading lower than yesterday, following Bitcoin doing the same.

https://www.bitget.com/spot/HIVEUSDT

This might be a good time to swap some HBD for HIVE POWER!

https://wallet.hive.blog/market

These are 5 minute HIVE/HBD candles around Noon

https://hivedex.io/ & at (3:27pm)

The more Hive Power you have in your account, the more you can do!

How much is your Hive worth to you?

(This is not financial advice or a promise of returns, just a snapshot at this hour. All investments carry risk, and Hive is inherently volatile, with that risk effectively shared among all users.)

---

@darkflame