$BERA pumped by 215% in 24 hours

another market manipulation
67.4M $BERA was unlocked February 6 and investors wanted to sell tokens at high prices
few months ago, DAT was created with $50 million in funding. that would be enough to cover the volatility of the unlock
Polychain Capital led the $110 million round and is on the DAT board
after unlocking $BERA hit its ATL at $0.34. funding rate was negative, which indicates a large number of short positions
when there are too many shorts, the market becomes vulnerable to a short squeeze
If the price starts to rise, short sellers begin to close their positions. this creates additional demand and the price rises even more, followed by a short squeeze.
someone could drive up the price and thereby force short sellers out
growth was technical, not fundamental