Avalanche (AVAX) Price Stuck Below $20 as Bearish Cues Prevent a Strong Rebound

Despite recent chaos and fears of a recession, public companies Strategy and Metaplanet are doubling down on new Bitcoin purchases. Strategy purchased BTC worth $285 million, while Metaplanet spent $26.3 million.

Metaplanet’s activity is particularly noteworthy because Japan’s 30-year treasury yields are soaring. For public companies in Japan, conventional economic practice is to pull back from the dollar, but committing to Bitcoin is a bold strategy.

Strategy and Metaplanet Resume Bitcoin Accumulation

Strategy (formerly MicroStrategy) is one of the world’s largest Bitcoin holders, and it’s been going through a chaotic period. In recent weeks, it has alternated between massive BTC purchases and abrupt acquisition pauses, prompting a great deal of speculation.

Today, however, its Chair, Michael Saylor, announced a major new Bitcoin buy at $285 million:

“Strategy has acquired 3,459 BTC for ~$285.8 million at ~$82,618 per bitcoin and has achieved BTC Yield of 11.4% YTD 2025. As of 4/13/2025, Strategy holds 531,644 BTC acquired for ~$35.92 billion at ~$67,556 per bitcoin,” Saylor claimed via social media.

A lot of this chaos is due to fears of a US recession, which has made the price of Bitcoin swing wildly. When Bitcoin was down, it prompted speculation that MicroStrategy may have to dump its assets.

However, since BTC has started to recover, Michael Saylor’s firm is back on the market.

Critically, Strategy isn’t alone in its Bitcoin acquisitions. Metaplanet is a Japanese firm with substantial BTC holdings and ambitions to acquire even more.

Two days before Strategy made its own major purchase, Metaplanet CEO Simon Gerovich announced a similar investment:

“Metaplanet has acquired 319 BTC for ~$26.3 million at ~$82,549 per bitcoin and has achieved BTC Yield of 108.3% YTD 2025. As of 4/14/2025, we hold 4525 BTC acquired for ~$386.3 million at ~$85,366 per bitcoin,” Gerovich claimed.

Metaplanet’s commitment here is particularly noteworthy because it contradicts near-term macroeconomic headwinds. The global market is filled with risk-averse behavior right now, and Japan’s 30-year bond yields surged to the highest level in over two decades.

Despite this clear signal, the Japanese Metaplanet is continuing to make major Bitcoin investments. The latest purchases also had a positive impact on the company’s stock market. It’s currently up by 3% today, after suffering notable losses the past month.

In short, major corporate Bitcoin holders like Strategy and Metaplanet aren’t interested in tapering off yet. Despite the recent chaos, there is serious confidence that BTC will either gain in price or represent a stable store of value.

Either way, when public firms like this publicly take a bullish stance, it can shore up confidence across the entire market.

The post MicroStrategy and Metaplanet Reveal New Bitcoin Purchases: Buying the Dip? appeared first on BeInCrypto.

Pi Network (PI) has been consolidating after hitting new highs in late February, with technical indicators showing mixed signals. The DMI chart suggests that sellers are attempting to maintain control, as the +DI has dropped while the -DI is rising, signaling increasing bearish momentum.

Meanwhile, the RSI remains neutral, fluctuating between 45 and 55, indicating a lack of strong directional movement. If a strong uptrend emerges, PI could break above $2 and potentially test $3, but downside risks remain, especially with the upcoming unlock of 188 million tokens this month.

Pi Network DMI Shows Sellers Are Trying To Keep Control

Pi Network’s DMI chart shows that its ADX has dropped to 11.5, down from 17.7 the previous day.

The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with values below 20 indicating a weak trend and readings above 25 suggesting a strong trend.

A declining ADX suggests that the current trend, whether bullish or bearish, is losing momentum and is less likely to continue in the short term.

At the same time, PI +DI has fallen to 19.3 from 24.5, while -DI has risen to 20.1 from 16.1. This shift indicates that bearish momentum is increasing as selling pressure overtakes buying pressure.

If this trend continues, PI could struggle to gain upside momentum and may face further price weakness.

For a bullish reversal, +DI would need to reclaim dominance over -DI alongside an ADX increase, confirming a stronger trend direction.

PI RSI Has Been Neutral For 8 Days

Pi Network’s RSI is currently at 46.9, maintaining a neutral stance since February 27 and fluctuating between 45 and 55 for the past three days.

The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100.

Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, hinting at a possible rebound. A neutral RSI between 45 and 55 typically reflects a lack of strong momentum in either direction.

With PI RSI sitting at 46.9, the market appears indecisive, lacking clear bullish or bearish momentum. This suggests that Pi Network’s price may remain range-bound unless a significant shift in buying or selling pressure occurs.

For a stronger bullish outlook, the RSI would need to break above 55, signaling increasing buying interest, while a drop below 45 could indicate growing bearish momentum, potentially leading to further price declines.

The coin recently surpassed 4 million followers on X, however, Binance listing remains elusive, which could contribute to more selling pressure.

Pi Network Could Rise Above $3 If A Strong Uptrend Emerges

Pi Network has been in a consolidation phase over the past few days after reaching new highs at the end of February.

Consolidation periods often indicate a temporary pause in price movement as traders assess the next direction, with the potential for either a continuation of the previous trend or a reversal.

If buying pressure returns and Pi Network resumes its uptrend, it could first test resistance around $2. A breakout above this level, combined with strong momentum, could push Pi toward $3 and even higher, marking new all-time highs.

However, if the uptrend fails to materialize and selling pressure increases, PI price could enter a corrective phase. In this scenario, the price could decline toward $1.51. Its next price movements could be driven by its 188 million token unlock, which will take place this month.

The post Pi Network (PI) Breakout Above $2 in Jeopardy as Selling Pressure Increases appeared first on BeInCrypto.