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Audiera (BEAT) crashes 61%, breaking $1 support amid retail long squeeze and whale shorting.

Market News
11 Aug 2026
AMBCrypto
View Source
Bearish
Audiera (BEAT) crashes 61%, breaking $1 support amid retail long squeeze and whale shorting.

Audiera (BEAT) plunged 61% to $0.96, erasing all 2026 gains as retail traders were squeezed out of long positions while whales increased short selling. The market cap fell 62% to $329 million, with trading volume up 144% due to heavy selling. Panic selling and large futures outflows intensified the drop, pushing the Relative Strength Index to 37, signaling bearish momentum. If selling pressure continues, BEAT could fall below $0.9, but strong spot demand might help it recover above $1 and target $1.6.

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