#PI走势分析 big dump 22% What's next?

Pi Network has recently attracted a lot of attention in the crypto world. For those who are paying attention to it, a question arises: Is it time to buy Pi now? More and more people are speculating that the price is about to change, and many experts believe that Pi is about to undergo a big increase.
However, after a significant increase, Pi experienced a big dump. The current price is around 1.60+ US dollars, a 40% drop from the peak of 2.90 US dollars, and a decrease of over 22% in the past 24 hours. Despite the big dump in price, there are still speculations about the future, such as the upcoming mainnet launch, KYC unlocking, and potential listings on exchanges like BN or Cb. If Pi can reclaim 2.20 US dollars, it may rebound to above 2.80 US dollars, but breaking below 1.50 US dollars could lead to further declines.
Whale Accumulation: A Powerful Indicator
The hoarding of whales is a key factor indicating that the price of Pi coin may be about to break through. Recent on-chain data shows that whales (big holders) are quietly hoarding a large amount of Pi coin. When whales buy assets, it usually indicates that they are confident in the future price. Historically, this hoarding precedes price surges, as these investors are preparing to sell at higher prices in the future.
Whale activities also help to boost market sentiment. When large investors show confidence in Pi, it can create a sense of FOMO (fear of missing out) among retail investors, further driving up prices.
The impact of Bitcoin on the market
The price trend of Bitcoin usually sets the tone for the entire cryptocurrency market. If Bitcoin shows strength, it can also drive the rise of altcoins like Pi. Due to Bitcoin's current positive momentum, Pi is very likely to follow suit. The combination of Bitcoin's strength and the continuously developing ecosystem of Pi creates perfect conditions for price surges.