BERA Drops 10% Amid Mixed Signals and Capital Outflows
Key Takeaways
- BERA drops over 10% within 24 hours despite strong liquidity inflows.
- The blockchain recorded over USD 106 million in new deposits in one week – more than Ethereum or Solana.
- Total Value Locked (TVL) has decreased by USD 349 million since March 28.
- Technical analysis suggests a potential price increase to USD 8.71 or even USD 15.
- Market sentiment is mixed – Binance traders are optimistic, but derivatives trading indicates bearish sentiment.
Strong Liquidity Despite Price Decline
Over the past 24 hours, the price of Berachain (BERA) has fallen by 10.72%, currently trading at USD 6.69. Notably, this decline contradicts the high liquidity that has flowed into the network. In the past week, BERA recorded the highest net inflow of all blockchains at USD 106.3 million – surpassing Ethereum, Solana, and other established networks.
Such inflows typically indicate a stable or rising price trend. However, BERA is showing the opposite. To better understand this, it’s helpful to look at the Total Value Locked (TVL), which measures the total value of assets deposited in a blockchain’s protocols.
TVL Decline as a Pressure Factor
Since March 28, BERA’s TVL has dropped from USD 3.493 billion to USD 3.144 billion – a decrease of USD 349 million. These outflows could explain the recent price drop, even though overall liquidity has increased. The decline in TVL suggests that users are withdrawing capital from the protocols, putting short-term pressure on the price.
Technical Analysis: Chance for Recovery
From a technical perspective, BERA is approaching a key support zone between USD 6.50 and USD 5.80. Historically, such areas have served as a launchpad for upward movements. If BERA falls into this zone, a rebound to at least USD 8.71 is possible. If this level is successfully broken, the price could even climb toward USD 15.
Another positive signal: BERA tokens worth USD 627,000 were bought on the spot market in the past 24 hours. Such buying interest despite a price drop may indicate an accumulation phase – a sign of healthy market conditions.
Mixed Market Sentiment
On Binance, currently the highest-volume exchange for BERA, buying activity dominates. The long-to-short ratio stands at 1.0991 – meaning more long positions than short ones. This reflects optimism among Binance traders.
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The broader market tells a different story: here, the long-to-short ratio is below 1, indicating a prevailing selling sentiment. Particularly noteworthy is the negative funding rate of -0.0415%. This means that short traders are currently paying a fee to maintain their positions – a sign of strong bearish sentiment in the derivatives market.
Our Assessment
Despite the significant price decline, BERA demonstrates fundamental strength through strong liquidity inflows. While the drop in TVL raises short-term concerns, it could represent a healthy correction. Technical analysis points to a potential recovery, especially if the price enters the support zone between USD 6.50 and USD 5.80.
Market participant behaviour is currently mixed. While the spot market and Binance traders are betting on a recovery, derivative data shows a cautious to negative outlook. For you as an investor, this means: closely monitor the coming days. Entering the market within the support zone could be worthwhile – provided liquidity remains stable and demand continues to rise.
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