BERA Surges 14% Despite Capital Outflows
The Most Important Points at a Glance
The altcoin Berachain (BERA) recorded a 14% price increase in the last 24 hours despite significant capital outflows. While spot and derivatives traders are accumulating BERA, traders on OKX remain skeptical and continue to bet on falling prices.
Capital Outflows and Rising Buying Activity
Over the past week, $19.4 million was withdrawn from the Berachain blockchain. Such a high outflow usually indicates negative market sentiment. Nevertheless, the BERA price increased as spot traders started purchasing larger amounts. In the last three days, $2.8 million was invested in BERA, suggesting a potential trend reversal.
Derivatives Traders Drive the Price Increase
In the derivatives market, interest in BERA is also rising. Open interest, which represents the total value of open derivatives positions, surged by 202.2% in the last 24 hours to $136.79 million. This indicates increased trading activity. Additionally, trading volume rose by 262% to $595 million.
Another indicator of bullish market sentiment is the liquidation of short positions. Traders who had bet on falling prices lost a total of $769,000 as the market moved against them. Such liquidations often reinforce an asset’s upward movement.
OKX Traders Remain Skeptical
Despite the positive developments in the broader market, sentiment on the crypto exchange OKX remains negative. The long-to-short ratio there is 0.76, meaning more traders are betting on falling prices than rising ones. If selling pressure on OKX continues, it could slow down BERA’s further price increase.
Our Assessment
The recent price increase of BERA despite high capital outflows indicates growing interest in the token. Particularly, the rising activity in the derivatives market could lead to further price gains. However, the risk remains that selling pressure on OKX may prevent a sustainable rally. Investors should closely monitor market sentiment before making a decision.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Love and Valentine’s Day Slots – The Most Romantic Slot Games
Reading time: ~ 2 minutes
-
Low Volatility Slots
Reading time: ~ 2 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 2 minutes
-
High Volatility Slots
Reading time: ~ 2 minutes
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency