A sub-wallet is snapping up millions of Pi Coins from centralized exchanges in eyebrow-raising fashion. Cryptocurrency expert Dr Altcoin reveals that the wallet is affiliated with the Pi Core Team (PCT) and is a valiant attempt to stabilize the Pi Network price.
PCT-Linked Sub-Wallet Buys 48 million Pi Coins
According to cryptocurrency expert Dr Altcoin, the PCT is wading into stabilizing the Pi Network price following the Pi unlock event. In a post on X, Dr Altcoin revealed that the PCT is snatching millions of Pi Coins from centralized exchanges via a sub-wallet.
Dr Altcoin notes that the sub-wallet has launched a Pi Coin accumulation spree, gobbling up 48.5 million Pi worth $31 million. The sub-wallet, created only two months ago, has acquired a chunk of its Pi holdings from centralized exchanges.
Reports of a Pi Network price crash following the Pi unlock event have triggered worry among community members. To address the fears, Dr Altcoin says the PCT is attempting to buy millions of Pi Coins from exchanges. He argues that the mass purchase is a better short-term strategy for the Pi Network than burning Pi Coins.
“This sub-wallet only recently began accumulating Pi and currently holds around 48.5 million coins,” said Dr Altcoin. “It’s a smart alternative to burning tokens, but it is only a short-term strategy.”
Pi Network Price Is Holding Up Well, Yet Concerns Remain
At the moment, it appears that the PCT’s short-term strategy of buying Pi Coins from centralized exchanges is yielding benefits. Pi Network price is trading above $0.6 after racking up nearly $6% over the last day. Daily trading volume is up by 53.86% to settle at $116.4 million.
Enthusiasm for Pi Coin to reach $5 is at a high following reports of whales moving 41 million Pi from exchanges. However, there are lingering fears of a Pi Network price drop if the PCT cannot continue to fund its Pi Coin purchasing spree.
“The million-dollar question is: Can the PCT afford to keep buying Pi from CEXs to stabilize the price, or are there better long-term plans in place?”
If the PCT is unable to continue buying Pi Coins from exchanges, a steep price drop to $0.3 is a grim possibility for the Pi Network price.
Shady activity on Banxa threatens investors with wild volatility in the near future, as investors turn to the PCT for a cushioning effect.
US-based Bitcoin exchange-traded funds (ETFs) experienced their largest single-day net inflow in nearly two months. As per the data, this is the highest daily inflow since January 30, when the funds attracted $588.1 million shortly after Bitcoin price reached its all-time high.
ARK and Fidelity funds show strong Bitcoin ETF performance
The strong inflow on April 21 saw $381.3 million entering the funds. It was widely distributed across multiple ETF providers, with ARK 21Shares Bitcoin ETF (ARKB) capturing the largest share at $116.1 million. Fidelity Wise Origin Bitcoin Fund (FBTC) followed with the second-highest inflow at $87.6 million. The data comes as Bitcoin price has reclaimed the $88,000 level.
Grayscale, which had previously experienced substantial outflows after converting its Bitcoin trust to an ETF, showed signs of stabilization with its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) recording combined inflows of $69.1 million.
BlackRock’s iShares Bitcoin Trust ETF (IBIT), which maintains the largest assets under management among the Bitcoin ETFs, attracted $41.6 million, approximately half of what it had received before the weekend trading break on April 17. Other funds including HODL and EZBC also contributed to the day’s positive performance with inflows of $11.7 million and $10.1 million respectively. The positive ETF inflow comes amidst the expectation of the first ever XRP ETF going live.
United States experience continued crypto outflow
While US Bitcoin ETFs saw strong performance on April 21, overall digital asset investment data for the week shows notable geographic variations in investor behavior. According to CoinShares’ weekly report, the overall digital asset investment sector showed modest total inflows of $6 million for the week.
The United States continued to experience net outflows totaling $71 million for the week despite the strong single-day performance on April 21. This suggests that the substantial inflow day was an exception to the generally cautious US investor stance.
Funds Flow by country: CoinShares
In contrast, European markets displayed more positive sentiment toward digital asset investments. Switzerland led with inflows of $43.7 million, followed by Germany with $22.3 million. Canada also contributed positively with $9.4 million in net inflows during the same period.
The CoinShares report highlighted that broader market sentiment fluctuated throughout the week, with stronger-than-expected US retail sales figures that caused significant outflows of $146 million mid-week.
Bitcoin products specifically ended the week with minor outflows of $6 million despite the substantial daily inflow seen in the ETF data. Additionally, short Bitcoin investment products recorded outflows of $1.2 million which was their seventh consecutive week of outflows. These products have now seen investors withdraw approximately 40% of their total assets under management over this period.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts say about Bitcoin’s (BTC) price amid recovery efforts. The status of Bitcoin as a hedge against inflation and economic uncertainty is progressively becoming questionable, with institutional influence adding to the concerns.
Can Strategy’s $555 Million BTC Purchase Send Bitcoin Past $90,000?
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), revealed the firm’s latest Bitcoin purchase, comprising 6,556 BTC tokens worth approximately $555.8 million. With this, the firm has attained a Bitcoin yield of 12.1% year-to-date (YTD) in 2025.
“MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin,” Saylor shared.
Strategy uses the Bitcoin Yield YTD to measure the BTC holdings per share increase. This model has been a key part of their financial strategy firm since their first Bitcoin purchase in August 2020.
This acquisition aligns with a bullish market sentiment for Bitcoin, which is steadily nearing the $90,000 milestone, as the recent US Crypto News indicated.
Despite a mild recovery in Bitcoin prices this week, up by over 3% in the last 24 hours, it is worth noting that Bitcoin is highly sensitive to economic indicators.
Similarly, the global market is highly sensitive to monetary policies set by major economies, particularly the US. BeInCrypto contacted Paybis founder and CEO Innokenty Isers for insights on the current market outlook, particularly for Bitcoin.
“Given the strong concentration of investors in technology stocks, shifts in trade policies and government interventions that influence key indices like the Nasdaq Composite create ripple effects across financial markets,” Isers told BeInCrypto.
“With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin,” he added.
Iners expressed cognizance of the longer stretch of the trade war and the potential inflation that will emerge. Based on this, he noted that capital allocation to Bitcoin as a hedge against economic instability might be reduced.
Strategy’s Stock Premium Narrows as Bitcoin Hype Cools
Meanwhile, Strategy has seen a significant shift in its stock valuation dynamics over the past year. Saylor recently revealed that as of Q1 2025, over 13,000 institutions and 814,000 retail accounts held MSTR directly.
“An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios,” Saylor added.
According to data on Bitcointreasuries.net, the premium investors once paid for exposure to its Bitcoin holdings has notably narrowed.
Specifically, the NAV multiplier, a measure of how much the stock trades above the value of Strategy’s Bitcoin assets, has decreased compared to last year. This indicates that MSTR is now trading closer to the actual value of its Bitcoin reserves.
In 2024, investors were willing to pay a substantial premium for MSTR shares, driven by Bitcoin’s hype and MicroStrategy’s aggressive accumulation strategy.
“I don’t know if buying strategy equity is a good idea for the government. The stock would just pump, and it’s likely trading at a premium over NAV with a higher risk profile. Also, I believe the gov will find it difficult to find institutions that would be willing to sell their BTC in large quantities,” an analyst said recently.
The shrinking NAV multiplier suggests a more cautious market sentiment. Analysts believe this reflects a shift toward valuing MicroStrategy based on its fundamentals rather than speculative Bitcoin enthusiasm.
This suggests a maturing market approach to the company’s unique investment strategy.
This chart shows how Strategy’s stock price (blue) moves with Bitcoin price (orange). When Bitcoin goes up, MicroStrategy usually follows, but it swings even more.
However, the NAV multiplier has narrowed compared to last year, meaning MicroStrategy’s stock is now trading closer to the actual value of its Bitcoin holdings.
Last year, investors paid a bigger premium for exposure to MSTR, but that gap has shrunk. This suggests a more cautious sentiment or a shift toward valuing the company based on fundamentals rather than just Bitcoin hype.
Accumulation signals from whale activity and consolidation at $0.60 indicate a possible rally for Pi Network, despite concerns about the lack of exchange listings and use cases.
Bitcoin bull market momentum is due to return, but a “cooling off period” of up to three months may come first, Timothy Peterson says as he reveals a new BTC price floor.
Bitcoin has a 95% chance of staying above $69,000 forever, a classic BTC price forecasting tool says.
In a post to X on March 4, network economist Timothy Peterson revealed a new floor level from the “Lowest Price Forward” metric.
Bitcoin (BTC) remains highly sensitive to geopolitical decisions in 2025, last week hitting its lowest levels since November last year.
