Trader Eugene: Start to go long on BERA to hedge against the long-term bearish outlook on the overall market.

GateUser-6433627c · 2025-03-21T05:27:57+00:00

Trader Eugene introduced his go long operation on BERA, mainly to hedge against the overall market's bearish trend. He believes BERA has an excellent sustainable revenue cycle, and both retail investors and institutional funds have light holdings with a reasonable chip distribution. Eugene thinks the market has underestimated BERA's value and expects a significant gap filling in the coming weeks, so going long on BERA is currently a liquidity position.

GateUser-6433627c

2025-03-21 05:27:57

Abstract generation in progress

On March 21, trader Eugene shared his trading records today, stating that he has started to go long on BERA to hedge against his long-term bearish outlook on the overall market. The logic behind BEA has the following points: 1. An outstanding sustainable revenue cycle that requires participation through BERA (similar to AVAX Rush); 2. Both retail investors and institutional funds have very light holdings; 3. The chip distribution of the new coin is relatively reasonable. Eugene stated that currently going long on BERA is a liquidity position, “I will actively manage it. But at present, I believe the market has clearly underestimated its value, and there may be a sharp gap fill in the coming weeks.”

BERA-2.88%

AVAX-0.98%

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