It is an extremely bearish start to November as the cryptocurrency market has been underperforming over the past few days. Bitcoin, the leading cryptocurrency by market cap, has dropped to the $103k level and risks trading below $100k for the first time since June. Altcoins are suffering even bigger losses, with most of them down 10% or more in the last seven days. BERA, the native coin of Berachain, is down 5% in the last 24 hours but has held the $1.5 support level. BERA dips 5% as Berachain halts network Copy link to section BERA has lost 5% over the last 24 hours, underperforming once again. The bearish performance comes as Ether and other major altcoins recorded huge losses. It also comes as Berachain validators voted on Monday to halt the network after exposure to a vulnerability tied to the Balancer V2 exploit. According to the project’s core team, this decision was taken as an emergency step following the Balancer attack. The Berachain Foundation stated that: The Berachain validators have coordinated to purposefully halt the network as the core team performs an emergency hard fork to address Balancer V2-related exploits on the BEX. The halt has been executed purposefully, and the network will be operational shortly upon recovering all affected funds. BEX is currently the biggest decentralized exchange on Berachain and holds over $50 million worth of BERA tokens. The issue originated from the same Balancer vault access control flaw that enabled attackers to drain tens of millions of assets from liquidity pools on Monday. The attack saw over $100 million worth of various tokens drained from the Balancer DeFi platform. According to the Berachain Foundation, the network halt will allow developers to roll out an emergency hard fork to isolate compromised contracts and recover affected assets before resuming operations. @berachain ·Follow The Berachain validators have coordinated to purposefully halt the Berachain network as the core team performs an emergency hard fork to address Balancer V2 related exploits on the BEX. This halt has been executed purposefully, and the network will be operational shortly upon 3:41 pm · 3 Nov 2025 890ReplyCopy link Read 176 replies Berachain co-founder Smokey The Bera revealed on X that the emergency halt was taken because roughly $12 million in user funds were at risk I’m sure that some won’t be happy about this, and we recognize that this could be seen as a contentious decision. Berachain doesn’t benefit from Ethereum’s degree of decentralization, but when user funds are threatened, we act to protect them. BERA holds above $1.5, eyes recovery to $1.8 Copy link to section The BERA/USD 4-hour chart is bearish and efficient as the token has underperformed over the last 24 hours. Its technical indicators are bearish, similar to the major altcoins in the cryptocurrency market. The MACD lines crossed over into the bearish region over the weekend, flashing a sell signal that has lasted over five days. The RSI of 39 is below the neutral 50, indicating a bearish bias. BERA is trading at $1.610 as the bulls have held the support level at $1.5. If the market continues to recover, BERA could target the first major resistance level at $1.8 over the next few hours. An extended bullish run would allow BERA to hit the swing high of $2.2 set on October 10. However, the current market narrative is bearish, and BERA could record further losses in the near term. If that happens, BERA could drop below the $1.5 support level for the first time since June.