- Pi Network struggles despite Bitcoin surge, slipping below key $0.45 support level
- Upcoming token unlocks and weak demand threaten further downside for $Pi holders
- Centralization concerns and lack of listings fuel bearish sentiment around Pi Network
As Bitcoin roars past the $122,000 milestone, Pi Network faces a downward spiral that many investors didn’t expect. Despite the broader market rally, $Pi continues to weaken, slipping below the $0.45 mark.
This recent decline has sparked fresh concerns about its future, with analysts citing several structural flaws and market behaviors that point to deeper issues. While some still hope for a turnaround, technical indicators and on-chain activity suggest the road ahead may be rougher than anticipated.
Persistent Decline Amid Bull Market Momentum
While many altcoins have ridden the Bitcoin wave, $Pi has barely moved. It briefly spiked to $0.53 before dropping back to $0.46. This sharp pullback during a strong market phase has raised red flags.
According to PiNetworkMembers data, investor sentiment is waning, and lower lows are forming on higher time frames. This pattern suggests weakening momentum and limited bullish conviction.
Moreover, exchange outflows show investors are moving tokens off platforms, a sign of possible liquidation. Over 1.4 million tokens left exchanges within 24 hours, which significantly adds to the selling pressure. This trend aligns with a broader loss in market cap over $15 billion vanished in recent months.
This BULLRUN is OVER for $Pi
— pinetworkmembers (@pinetworkmember) July 14, 2025
I know that you guys don't like posts like this but these are honest reviews without any hype and fake promises.
I would be the first one who would like to see $Pi at $10, but that isn't happening this bull market.
On higher time frames $Pi is… pic.twitter.com/1aC26Tjm8z
Unlocks, Centralization, and Weak Demand Fuel the Downtrend
Adding to the worries, PiScan data reveals a major supply injection over the next few months. Around 145 million tokens worth $67 million will unlock by month-end. Then, 138.5 million more will follow in August, 117 million in September, and 93 million in October. This continued supply increase, without a matching rise in demand, will likely keep downward pressure on prices.
Another major concern is centralization. The Pi Foundation reportedly holds over $33 billion worth of tokens in unaudited wallets.
This lack of transparency has prevented large exchanges like Binance and Upbit from listing $Pi. Centralized control limits community development, stifling innovation and slowing adoption.
Technical Signals Offer Little Relief
Technical indicators reflect the ongoing weakness. The MACD line shows weak bullish momentum and is close to a bearish crossover. Meanwhile, the RSI stands at 36.71, just above oversold territory. This may hint at a minor rebound, but there’s no strong signal of a lasting recovery.
