TechFlow news, on March 21, trader Eugene stated on his personal channel that he has started going long on BERA to hedge against a long-term bearish outlook on the overall market. The main rationale for BERA includes the following points:
1. A strong and sustainable yield flywheel that requires participation through BERA (similar to AVAX Rush);
2. Both retail and institutional funds hold very light positions;
3. The distribution of new tokens is relatively reasonable.
Eugene said that going long on BERA is currently a liquidity position, "I'll actively manage it. But at this point, I believe the market is clearly undervaluing it, and there could be a sharp gap-filling move in the coming weeks."
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