Overview
- The squeeze followed a Feb. 6 unlock of 63.75 million BERA—about 41.7% of circulating supply—that many expected to pressure prices.
- Perpetuals funding reportedly swung between -5,900% and +3,000% annualized, with futures pricing materially below spot and primed for forced buying.
- Futures activity surged, with volume up 632% to $2.94 billion and open interest up 102% to $142.8 million, according to CoinGlass.
- The token rose roughly 82% in 24 hours, reaching about $1.40 before a rapid 35% intraday pullback.
- Technicals improved as price reclaimed the 20-day moving average and tested levels above the 50-day near $0.57, though a durable trend reversal remains unconfirmed.