Trader Eugene: Going Long on BERA to Hedge Against overall market's long-term bearish view

BlockBeats News, March 21st. Trader Eugene today shared his trading record, indicating that he has started longing BERA to hedge against the overall market's long-term bearish view. The logic for BERA mainly includes the following points:

1. Outstanding sustainable revenue cycle, needing participation through BERA (similar to AVAX Rush);

2. Both retail and institutional fund holdings are very light;

3. The chip distribution of the new coin is relatively fair.

Eugene stated that currently longing BERA is a liquidity position, "I will actively manage it. But currently, I believe the market has clearly underestimated its value, and there may be a sharp gap fill in the coming weeks."