BeFi launched 12 new yield strategies across chains (July 21-23) and collaborated with Sonic Labs to enhance the Bitcoin ($beS) portfolio with an injection of $500,000 (BeFi Finance). These updates coincided with:
- Total differential value exceeding $300 million (July 14)
- Expansion of auto-compounding vaults offering an annual yield between 15% and 30%.
The protocol's revenue sharing model (via staked BIFI) gained increasing attention with the resurgence of decentralized finance (DeFi 2.0) narratives focused on real yield.
●▪︎ Technical Context
The price broke through critical levels:
- Fibonacci retracement 23.6% at $184.97 (current support level)
- 200-day exponential moving average at $199.11 (next resistance level)
- Relative Strength Index (RSI) (14) at 58.66 shows room for upward movement before overbought
The 279% increase in trading volume over 24 hours to reach $3.1 million confirms buyer confidence, although trading volume remains moderate at $0.144 (according to CMC liquidity scale).