#PI PI bearish summary: All bullish news for the second half of 2025 has been priced in. $PI must fall below $0.30 to trigger real buying interest.

1. The hype of Pi2Day in June has been fully reflected in the price.
AI collaboration, KYB merchant list, ecosystem applications - all of these are emotional catalysts, but there is no real capital inflow.
2. In July, entering the "no news + large-scale unsealing" phase.
More than 276 million $PI(, accounting for 3.7% of the circulating supply, will be unlocked. Due to a lack of new expectations, funds are on the sidelines or are said to be shorting.
3 , historical records indicate that each pump lasts less than 7 days
Even though Pi2Day and mainnet activities triggered a temporary surge, there is no sustained rise trend. No smart investor dares to hold for the long term.
4. $0.30 is both a technical bottom and a psychological bottom.
Only by falling below the level of 0.30 dollars can the "triple bottom" of emotions + charts + liquidity necessary for a real rebound be formed.
Conclusion: Without genuine partnerships or capital support, PI may require deep washing to achieve a mid-term recovery.
What is your ultimate goal for $PI? Please leave a comment in the comment section. )#BTC #ETH