$300 mln slips out of Berachain—Does BERA have a comeback card left to play?
The post $300 mln slips out of Berachain—Does BERA have a comeback card left to play? appeared on BitcoinEthereumNews.com.
Following a massive three-month inflow into BERA, investor sentiment has changed in recent weeks. This bearish trend comes as the asset experiences a massive decline in daily active addresses, which have plummeted. Berachain [BERA] has been on a downward trend for months. After peaking at $7.624, the altcoin spiraled downward and recently hovered near $3.7. Analysis shows that the drop has been influenced by changes in liquidity flow as market traders sell off their holdings. This isn’t just profit-taking — it’s more than that, AMBCrypto explains. Liquidity outflow dampens rally possibility BERA’s current price action reflects a significant outflow of liquidity from the chain, according to AMBCrypto. Three months ago, BERA recorded the most Liquidity Inflow in the market, reaching $685 million. Since then, sentiment has shifted, and traders have consistently sold their positions. Source: Artemis Moreover, just in the last week, traders offloaded $40 million worth of BERA. On top of that, $3.4 million more was sold in the past 24 hours alone — compounding sell pressure and killing short-term rally hopes. This constant outflow has caused BERA to drop notably, with potential for further decline if the selling trend continues. Why is liquidity outflow high? AMBCrypto linked this consistent outflow from BERA to declining interest among market investors, as data revealed. According to Artemis, which tracks active users or investors in BERA, the number of Daily Active Addresses has plunged significantly. Source: Artemis The drop has intensified since the start of April. After reaching a high of 1.2 million investors, only 72,500 BERA addresses currently remain active. This extreme plunge reflects a lack of confidence in the altcoin’s long-term viability, which is also evident in BERA’s market capitalization. Source: Artemis BERA’s market cap dropped 48.4% since the start of April — from $776.7 million to $401.4 million. When…
Filed under: News - @ April 30, 2025 8:28 am