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A trader shorted BERA and made a profit of $638,000 in 1 hour.

BlockBeats News, February 12th, according to LookIntoChain monitoring, trader loracle.hl earned a profit of $638,000 in just 1 hour through shorting BERA. After BERA broke $1, he started shorting and kept adding to his position until the price reached $1.33. When the price dropped below $1 again, he closed his position, locking in a $638,000 profit, all within one hour.


He is also the person with the largest HYPE long position, holding 1.53 million HYPE longs ($46.45 million).

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The intrinsic value of BERA may exceed BGT returns, leading to BGT holders redeeming and selling BERA.
Just holding $BERA is not a good idea, but participating in PoL could be very worthwhile
1. On-chain Fund Flow: $31.4M inflow to Ethereum, $38M outflow from Ethereum 2. Largest Price Swings: $POPCAT, $BERA 3. Top News: Yesterday, the U.S. Bitcoin spot ETF saw a net inflow of $171M
Berachain will be launched on the mainnet in the second quarter. Before that, participating in the testnet and ecological interaction is the only way.
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