Crypto Market Loses Over $1 Billion as Israel Attacks Iran

Following Mantra’s catastrophic OM token crash, analysts urge the Pi Core Team (PCT) to adopt greater transparency and caution.

These remarks follow Pi Network’s recent transition to the full Open Mainnet phase.

Pi Network Advised to Prioritize Transparency Post-Mainnet

The warning comes after OM’s price plummeted more than 90% in under an hour, wiping out over $5.5 billion in market capitalization.

Following this crash, there is widespread fear across the crypto industry of similar events occurring in projects undergoing key phases of development and token unlocking. Among such projects is Pi Network, which recently transitioned to Open Mainnet.

Dr Altcoin, a crypto analyst and advocate for decentralized ethics, relates the OM incident to the Pi Network and calls for stricter regulation.

“The OM incident is a wake-up call for the entire crypto industry, proof that stricter regulations are urgently needed. It also serves as a huge lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet,” he tweeted.

Some users defended Pi Network’s fundamentals, highlighting its utility-focused roadmap and avoidance of speculative hype. However, Dr Altcoin doubled down on concerns over a lack of transparency.

“One thing is clear about the PCT, they are not transparent,” he added.

Still, the broader Pi community remains optimistic. The account Pi Open Mainnet, presented as a pioneer, posted a rebuttal citing reasons Pi may avoid OM’s fate. It highlighted Pi’s slow token release strategy and absence of large early-sell events as elements central to that confidence.

“Massive community (35M+ pioneers), steady unlocks, growing utility (.pi domains, dapps), and a clean track record,” they wrote.

Indeed, Pi’s ecosystem is expanding. The integration with Chainlink, new fiat on-ramps, and Pi Ads are creating what the team calls a “virtuous cycle” of adoption and utility, according to Pi Open Mainnet 2025, a senior pioneer’s account.

“These advancements form a virtuous cycle for Pi Network. Easier fiat ramps bring in more users (Pi’s community is already ~60M strong), Pi Ads drive more apps & utility, and Chainlink integration adds trust and interoperability. More users →more utility,” it stated.

With a community reportedly approaching 60 million, many believe the project has a strong user-driven foundation, unlike OM’s more centralized dynamics.

Is This Enough to Prevent OM-Like Fate?

However, not everyone is convinced this will be enough. Mahidhar Crypto, a Pi Coin validator, urged users to withdraw Pi coins from centralized exchanges (CEXs) to prevent price manipulation.

“We have seen what happened to OM—how market makers dumped on users…When you deposit your Pi Coins on CEX, the Market makers will use bots to create artificial buy/sell walls to manipulate prices or Liquidity,” they warned.

This aligns with recent concerns about collusion between market makers and CEXs. Mahidhar also called for the Pi Core Team to scrutinize KYB-verified businesses and avoid listing Pi derivatives on CEXs, citing the risks of leveraged trading on still-maturing assets.

Further fanning skepticism is on-chain behavior tied to OM. Trading Digits, a technical analysis firm, pointed out that the “Pi Cycle Top” indicator, a pattern often signaling market tops, had triggered twice for OM since 2024, the most recent being just two months before its collapse.

“Coincidence or bound to happen?” the firm posed.

Will Pi follow a disciplined, utility-first path, or could it fall into the same traps that triggered OM’s downfall?

BeInCrypto data shows Pi Network’s PI coin was trading for $0.74% as of this writing, down by 1.36% in the last 24 hours.

The post Analysts Warn Pi Network Over Transparency After OM Token’s $5.5 Billion Collapse appeared first on BeInCrypto.

On Tuesday, institutional investors continued to pour capital into spot Bitcoin ETFs, marking the eighth consecutive day of inflows.

Total net inflows across all US-listed Bitcoin ETFs exceeded $170 million for the day, reinforcing the bullish sentiment that has gripped the market since last week. 

Bitcoin ETFs Log 8th Straight Day of Inflows

Yesterday, BTC-backed funds posted another net inflow, totaling $172.78 million. This signaled sustained confidence in the asset class.

BlackRock’s iShares Bitcoin Trust (IBIT) once again led the pack, recording the highest daily inflow among all issuers. On Tuesday, the fund recorded a daily net inflow of $216.73 million, bringing its total historical net inflow to $42.39 billion.

IBIT has consistently dominated in recent sessions, reflecting BlackRock’s influence in the crypto ETF space and sustained institutional trust in its offerings.

Meanwhile, Bitwise’s spot Bitcoin ETF (BITB) recorded the highest net outflow among all issuers on Tuesday, with $24.39 million exiting the fund. Nevertheless,  BITB’s total historical net inflows remain strong at $2.05 billion.

Leverage Cools in the Bitcoin Market 

Open interest (OI) in the Bitcoin futures market has seen a modest decline today. This suggests a degree of cooling among leveraged positions, as some traders are closing out positions.

It stands at $61.81 billion at press time, plunging by 3% over the past 24 hours. During that period, BTC’s price noted a 1% uptick. 

When an asset’s price rises while open interest falls, traders take profits or de-risk, suggesting caution despite the uptick. This trend points to a lack of conviction in BTC’s rally, with fewer participants willing to take on new leveraged positions.

However, broader market sentiment remains optimistic. BTC’s funding rate is currently at 0.004%, indicating that long positions are still willing to pay to maintain leverage.

The funding rate is a periodic payment between long and short traders in perpetual futures contracts, used to keep the contract price aligned with the spot market. When the funding rate is positive, longs are paying shorts, indicating that more traders are betting on the price going up, a sign of bullish market sentiment.

Moreover, the increase in call option volume suggests that traders are positioning for further upside in the coin’s price.

While derivatives activity shows minor signs of uncertainty, the persistent inflows into spot Bitcoin ETFs point to a market still leaning bullish in the near term.

The post Investors Pour Into Bitcoin ETFs for 8th Straight Day | ETF News appeared first on BeInCrypto.

As the broader crypto market begins to recover from recent lows, on-chain data reveals a growing behavioral divide between Bitcoin’s long-term and short-term holders.

Its Long-term holders (LTHs) have resumed net accumulation for the first time since the last local top, while short-term holders (STHs) appear to be exiting the market.

BTC LTHs Return to Accumulation as STHs Capitulate

In a new report, pseudonymous CryptoQuant analyst IT Tech noted that a clear behavioral divide has emerged between BTC’s LTHs and STHs, suggesting the early formation of a re-accumulation phase.

This is based on an assessment of BTC’s Net Position Change for Long-Term Holders (LTH), which, per the analyst, has now flipped positive for the first time since BTC’s last local peak.

“This suggests that experienced, conviction-driven participants are gradually returning to accumulation after several months of sustained distribution. Their activity often reflects strategic, cycle-aware repositioning, not necessarily whale-sized capital flows,” the analyst noted.

Meanwhile, BTC STHs—those who have held BTC for less than 155 days—are selling into weakness, with net outflows remaining firmly in negative territory. This trend suggests capitulation, as newer investors reduce their exposure to the coin in response to recent price troubles. 

IT Tech noted that this behavioral divergence “tends to signal early stages of a re-accumulation phase.”

“Suppose long-term participants continue increasing their positions while short-term supply gets flushed out. This setup may serve as a constructive base for future price recovery, even if short-term price action remains choppy,” the analyst said. 

Momentum Builds for Bitcoin as Buying Pressure Surges

On the daily chart, BTC’s positive Chaikin Money Flow (CMF) reflects increasing investor demand and positive cash flow momentum. This further reinforces the possibility of a bullish breakout as projected by the analyst. 

At press time, this momentum indicator, which measures how money flows into and out of an asset, is at 0.10. A positive CMF reading like this indicates that buying pressure outweighs selloffs among market participants and hints at an extended price growth for BTC. 

Moreover, the coin’s Aroon Up Line currently sits at 100%, reinforcing the strength of its ongoing uptrend.

An asset’s Aroon Indicator measures the strength and direction of a trend by tracking the time since the highest and lowest prices over a given period. It comprises two lines: Aroon Up, which measures bullish momentum, and Aroon Down, which tracks bearish pressure. 

As with BTC, when the Aroon Up line is at 100, it signals strong upward momentum and a dominant bullish trend. This suggests that buying pressure is high, and the price may continue rising.

BTC Bulls Eye New Highs

BTC now trades firmly above the key support formed at $91,851. If the bullish pressure holds and demand rockets, the king coin could continue its uptrend to exchange hands at $95,971.

However, if traders resume profit-taking, this bullish projection will be invalidated. In that scenario, BTC’s price could retest the support at $91,851. Should it fail to hold, its price could fall to reach $87,730.

The post How Bitcoin Holders’ Sentiment Split Signals Early Re-Accumulation Phase appeared first on BeInCrypto.