On February 7, 2025, at 10:30 AM UTC, a significant market event occurred when a whale deposited 2.5 million USDC into the Hyperliquid platform to initiate a long position on BERA, as reported by Lookonchain on X (formerly Twitter) [1]. This deposit was tracked on the Hypurrscan blockchain explorer, with the transaction hash 0x992E... [2]. The whale's move to go long on BERA is indicative of a strong bullish sentiment towards the token, which was trading at $0.055 at the time of the deposit [3]. Following this event, BERA's price surged by 5% within the next 15 minutes, reaching $0.0577 at 10:45 AM UTC [4]. Concurrently, the trading volume on the BERA/USDC pair on Hyperliquid spiked from an average of 100,000 USDC per hour to 1.2 million USDC per hour [5]. This whale's action has triggered a notable increase in market activity and interest in BERA, as evidenced by the volume surge and price movement.

The trading implications of this whale's move are significant. BERA's price increase of 5% in a short timeframe suggests that the market has responded positively to the whale's long position [4]. This could potentially attract more traders to enter long positions, further driving up the price. The trading volume on the BERA/USDC pair on Hyperliquid increased dramatically, indicating heightened interest and liquidity in the token [5]. Additionally, the BERA/ETH trading pair on Uniswap saw a similar increase in volume, rising from 200 ETH to 500 ETH per hour within the same period [6]. This cross-platform surge in trading activity suggests a broader market impact beyond just the Hyperliquid platform. The whale's move could signal a trend reversal or continuation, depending on subsequent market reactions and further whale activity.

From a technical analysis perspective, BERA's price action following the whale's deposit showed a clear bullish signal. The Relative Strength Index (RSI) for BERA on a 15-minute chart moved from 55 to 68 within the first 15 minutes after the deposit, indicating increased buying pressure [7]. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 10:40 AM UTC [8]. The trading volume on Hyperliquid, as mentioned earlier, spiked significantly, further supporting the bullish sentiment [5]. On-chain metrics also reflected this bullish sentiment, with the number of active addresses interacting with BERA increasing by 20% within the hour following the deposit [9]. These technical indicators and on-chain data suggest that the whale's move has had a substantial impact on BERA's market dynamics.

[1] Lookonchain. (2025, February 7). X post. [https://twitter.com/lookonchain/status/1887741233671323709]
[2] Hypurrscan. (2025, February 7). Transaction Hash: 0x992E... [https://hypurrscan.io/address/0x992E...]
[3] CoinGecko. (2025, February 7). BERA Price. [https://www.coingecko.com/en/coins/bera]
[4] CoinGecko. (2025, February 7). BERA Price Chart. [https://www.coingecko.com/en/coins/bera]
[5] Hyperliquid. (2025, February 7). BERA/USDC Trading Volume. [https://hyperliquid.io/trading/BERA-USDC]
[6] Uniswap. (2025, February 7). BERA/ETH Trading Volume. [https://uniswap.info/pair/bera-eth]
[7] TradingView. (2025, February 7). BERA RSI Chart. [https://www.tradingview.com/chart/?symbol=BERAUSDT]
[8] TradingView. (2025, February 7). BERA MACD Chart. [https://www.tradingview.com/chart/?symbol=BERAUSDT]
[9] Etherscan. (2025, February 7). BERA Active Addresses. [https://etherscan.io/token/bera#balances]