Pi Coin Continues to Lose Ground as Broader Market Trends Move in the Opposite Direction

Pi Coin price continues to decline as broader market trends move in the opposite direction. In April, the token's price decreased by 15%, closing the month at $0.6077.

While other major tokens rallied with Bitcoin’s push toward $100,000, Pi struggled with growing selling pressure throughout April. The Chaikin Money Flow (CMF) remains in negative territory, indicating that outflows still dominate.

Despite occasional inflows highlighted by the CMF, these weren’t enough to shift the balance. The data suggests investors are still exiting Pi rather than accumulating.

The CMF reading below the zero line signals continued control by sellers. Pi Network’s recent trading behavior reflects low investor confidence and insufficient demand to reverse the trend.

The network still lacks exchange depth and broader adoption, which limits its ability to absorb sell pressure or quickly respond to bullish trends that could propel the token higher.

The correlation analysis between Pi and Bitcoin over the past six months reveals an interesting dynamic. A correlation coefficient of -0.11 showcases a weak but present correlation, and more importantly, a negative one.

This means that Pi usually moves in the opposite direction of Bitcoin. When Bitcoin gains value, Pi often loses value, and vice versa.

If Bitcoin continues to rally towards the $100,000 level, it could put more pressure on Pi’s price. Without new demand, strong inflows, or a clear use case to support growth, Pi may struggle to gain momentum or rise above its key resistance levels.

A breakout above $0.8727 would be needed to shift the momentum, creating an opportunity for a rally towards $1.00. However, without new investor activity or growth in the Pi ecosystem, that scenario seems distant.

The recent price drop of Pi Coin has led the Pi Network community to speculate on the delay in Binance listing. Some members are becoming impatient, blaming the delay for the price downturn and suggesting it's time to list the token despite the bear market.

However, others see a bigger strategy at play. Instead of rushing into a listing, which often leads to early listing pains like sharp price drops and increased volatility, Pi Network is reportedly planning to delay the Binance debut.

This strategy aims to protect long-term holders from short-term traders and pump-and-dump activity, which could become more prevalent with a Binance listing due to the exchange's massive trading volume.

Furthermore, delaying the listing helps the team keep better control over token supply. Without early access to a high-volume exchange like Binance, large holders, commonly known as whales, can’t easily manipulate the price.

This gives the project time to build real utility—such as in-app payments, decentralized apps, or other use cases that generate demand for the token.

Additionally, the delay in listing keeps the community focused on development rather than just token price. Without immediate liquidity on a major exchange, users are less likely to engage in short-term trading strategies.

This encourages them to stay invested in the long-term vision of Pi Network and contribute to the network's growth. At the same time, the team appears to be working on legal compliance for listing in different countries.

This process takes time to ensure a smooth and credible listing on Binance, ultimately leading to more sustained interest in the token.