Fluctuations compared to what? Here is the 1 year chart from coinmarketcap. I don't see anything that looks much out of the ordinary recently. $1 +/- 5% seems pretty normal:

Volume did heat up (or at least coinmarketcap says volume has dropped 90+% in the last 24 hours) but price seems to have remained about as stable as it typically is. You can argue the price has been more volatile but it thus far has stayed within a reasonably narrow (and typical) range.

I'm not arguing that too much debt isn't bad. Of course it is. I'm not sure that 10% is "too much" though. The fact that HBD has remained in its typical range would seem to back that up...for now.