Permissionless liquidity layer Orderly has announced the integration of its omnichain infrastructure with Berachain.

Berachain, which launched its BERA token recently, is a Layer-1 (L1) blockchain powered by a novel Proof-of-Liquidity consensus mechanism.

Orderly Teams Up with Berachain to Enhance Cross-Chain Liquidity

Integrating with Berachain indicates Orderly’s move to support high-performance blockchains at an early stage. Notably, Orderly currently supports a broad range of Ethereum Virtual Machine (EVM) and non-EVM chains, including Ethereum, Polygon, Arbitrum, Optimism, Base, Mantle, and Solana.

The latest development builds on this synergy, pushing toward ensuring DeFi builders and traders can seamlessly access cross-chain liquidity. Specifically, decentralized exchanges (DEXes) and perpetual protocols within the Berachain ecosystem will access deep cross-chain liquidity.

It comes as Orderly boasts the backing of over 20 professional market makers, including Wintermute and Riverside. This backing signifies deep market depth and tight spreads to ensure an optimal trading experience for DeFi users.

“Berachain’s Proof-of-Liquidity model represents an evolution in blockchain consensus, directly aligning network security with DeFi liquidity. Integrating Orderly’s omnichain liquidity layer adds the final piece to the puzzle, empowering Berachain projects to rapidly go from zero to one. With endless liquidity and reliable trading infrastructure taken care of, Berachain builders are free to focus on creating awesome apps that users will love,” Orderly Co-Founder Ran Yi stated in a statement shared with BeInCrypto.

Meanwhile, the Berachain L1 blockchain has gained rapid traction since its recent launch, which was marked by the introduction of its native token, BERA, on Binance. The blockchain’s Proof-of-Liquidity (PoL) model incentivizes validators by linking network security with liquidity provisioning.

Through its integration with Orderly, projects on Berachain can now access Orderly’s omnichain order book. This means eliminating liquidity fragmentation and enhancing trading efficiency.

Berachain’s Post-Launch Success and Challenges

Since its launch, Berachain has surged in total value locked (TVL), crossing $3 billion and positioning itself as the sixth-largest blockchain in DeFi. Notably, it has surpassed Base layer-2 (L2), data on DefiLlama shows.

This rapid growth demonstrates a strong interest in the network’s novel consensus model and DeFi ecosystem. However, despite this success, Berachain has encountered challenges common to new blockchains, including price volatility and selling pressure.

Recent data suggests that BERA, the native token of Berachain, has faced increased sell-offs post-launch. Analysts point to liquidity concerns and profit-taking by early adopters after its recent crypto airdrop as key factors driving market fluctuations.

Additionally, controversy has surrounded Berachain’s co-founder, accused of dumping tokens and receiving a large airdrop. BeInCrypto reported that this raised concerns over fair token distribution and market manipulation.

Despite these issues, some analysts remain optimistic about Berachain’s long-term potential. BERA has rallied nearly 15% recently, with predictions that Berachain price could reach $9 if bullish momentum continues.

For most of February, the crypto market trended sideways, but this week, activity has plunged due to the impact of Donald Trump’s war trades. The downturn triggered over $800 million in liquidations in the past 24 hours as traders struggled with the volatility.

Despite the pullback, crypto whales have continued to accumulate some coins, positioning themselves for potential gains in March. This analysis examines some of these assets.

Bitcoin (BTC)

BTC broke below a key support line this week, which had kept its price within a range since the beginning of February, and fell to multi-month lows. The market’s leading coin now trades at $79,610, a price low last recorded in November. 

BTC whales have taken advantage of its discounted prices to strengthen their holdings, as reflected by the surge in the coin’s large holders’ netflow. According to IntoTheBlock, the metric has rocketed by 23% in the past seven days.

Large holders are whale addresses that hold more than 0.1% of an asset’s circulating supply. Their netflow tracks the difference between the inflows and outflows of an asset held by these major investors. 

When it rises like this, it indicates that large holders are accumulating more of the asset, suggesting increased confidence and potential upward price pressure. This trend may also prompt BTC retail traders to increase their buying pressure.

If this continues, it will reduce the coin’s supply in circulation and drive up its value in March, possibly back above $95,000.

The Sandbox (SAND)

Metaverse-based token SAND has also seen renewed interest from whales this week as the market anticipates a broader recovery in March. The token trades at $0.29 at press time, noting a 43% decline over the past month.

According to Santiment’s data, over the past week, whales holding between 100 million and 1 billion tokens have accumulated 180 million SAND valued above $52 million at current market prices. At press time, this cohort of investors holds 1.93 billion SAND tokens, its highest count since June 2024. 

The surge in SAND whale holdings is due to its current undervalued status, as reflected by readings from its market value to realized value (MVRV) ratio. As of this writing, the altcoin’s 7-day and 30-day MVRV ratios are -9.72 and -23.11, respectively.

Historically, negative MVRV ratios are a buy signal. They indicate that the asset trades below its historical acquisition cost, presenting a buying opportunity for traders looking to buy the dip.

Hence, if this whale accumulation continues, it could push SAND’s price past the $0.35 mark in March. 

Optimism (OP)

Layer-2 (L2) token OP is another asset that the whales are strategically acquiring for gains in March. IntoTheBlock’s data has revealed a 240% surge in its large holders’ inflow in the past seven days. 

OP’s value has dipped 8% during that period, indicating that its whales have increased their inflows despite the price drop. 

When large holders increase their inflows, they are transferring significant amounts of an asset into their wallets. This is generally seen as a bullish signal, as it suggests confidence in the asset’s future price movement and potential for upward momentum.

If this continues into March, it could drive OP’s price to $1.52.

Bitcoin price started a fresh decline below the $85,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term.

• Bitcoin started a fresh decline from the $86,500 zone.
• The price is trading below $82,500 and the 100 hourly Simple moving average.
• There is a connecting bearish trend line forming with resistance at $83,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another decline if it fails to stay above the $85,000 zone.

Bitcoin Price Dips Sharply

Bitcoin price failed to stay above the $88,500 level and started a fresh decline. BTC declined heavily below the $86,500 and $85,000 support levels.

The price even dived below the $82,000 level. It tested the $80,000 zone. A low was formed at $80,000 and the price is now consolidating losses. It is showing many bearish signs below the 23.6% Fib retracement level of the downward wave from the $86,934 swing high to the $80,000 low.

Bitcoin price is now trading below $82,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $81,650 level. The first key resistance is near the $83,500 level or the 50% Fib retracement level of the downward wave from the $86,934 swing high to the $80,000 low.

There is also a connecting bearish trend line forming with resistance at $83,800 on the hourly chart of the BTC/USD pair. The next key resistance could be $85,000. A close above the $85,000 resistance might send the price further higher. In the stated case, the price could rise and test the $86,500 resistance level. Any more gains might send the price toward the $88,000 level or even $88,500.

More Losses In BTC?

If Bitcoin fails to rise above the $85,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $80,000 level. The first major support is near the $78,500 level.

The next support is now near the $76,200 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support sits at $73,500.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $80,000, followed by $78,500.

Major Resistance Levels – $83,800 and $85,000.