MANTRA CEO and Partners to Burn 300 Million Tokens – Will OM Get Back to $1?

Pi Network (PI) is back in the spotlight after an 11% price surge triggered by the withdrawal of over 86 million tokens from OKX, sparking speculation of a coordinated supply squeeze. The move has intensified bullish sentiment, especially as technical indicators begin to align with the price action.

Momentum indicators like the DMI and EMA suggest growing strength, and a potential golden cross formation hints at the possibility of a continued breakout. However, not all signals are fully confirmed—volume-based metrics like the CMF show lingering indecision, making the next few days critical for confirming PI’s direction.

Technical Indicators Support PI Rally Amid Supply Shock Speculation

Pi Network (PI) surged 11% after more than 86 million tokens were withdrawn from the OKX exchange, drastically reducing the platform’s PI reserves to just 21 million.

The sudden exodus of tokens sparked speculation of a coordinated supply squeeze, with some investors interpreting the move as a strategic effort by large holders to limit circulating supply and potentially drive the price higher.

Community voices on X described the event as a “power move,” pointing to growing confidence in the asset’s future trajectory.

While this triggered bullish momentum and boosted PI to the top of CoinGecko’s trending list, questions still linger regarding its long-term fundamentals, particularly its mainnet rollout, exchange listings, and broader use-case development.

From a technical perspective, PI’s Directional Movement Index (DMI) shows signs of growing strength. The ADX—a metric that measures the strength of a trend—has climbed from 12.46 to 16.6 in the past day, signaling that momentum is building. Typically, ADX values above 20 indicate a developing trend, with readings above 25 considered strong.

Meanwhile, the +DI line, which tracks bullish pressure, sits at 25.98—up from 20.14 yesterday, though slightly down from its peak earlier today at 29.15. The -DI, representing bearish pressure, has dropped significantly to 14.45 from 20.84 yesterday.

This divergence suggests that bulls are gaining control and sellers are stepping back, supporting the narrative that Pi Network may be entering a more decisive upward trend if this momentum continues.

PI CMF Drops After Brief Spike, Signaling Fading Buying Pressure

Despite the recent surge, PI CMF is now at -0.03.

Chaikin Money Flow (CMF), a volume-based oscillator that measures buying and selling pressure over a given period. CMF values range from -1 to +1, with readings above 0 suggesting accumulation (buying pressure) and below 0 indicating distribution (selling pressure).

The closer the value is to either extreme, the stronger the pressure it reflects.

Currently, PI’s CMF stands at -0.03—a notable improvement from -0.17 two days ago but a pullback from yesterday’s +0.09.

This shift shows that while the overall selling pressure has eased significantly, the recent dip back below the zero line suggests that buyers haven’t fully taken control. A CMF hovering around the neutral zone could imply indecision in the market or a pause after the recent rally.

For bulls to regain full momentum, the CMF would ideally need to push back into positive territory and hold, confirming sustained capital inflows and supporting the case for continued upside.

Golden Cross Setup Builds for PI, But Key Resistance Still in Play

Pi Network’s EMA lines are starting to align in a bullish setup, with a potential golden cross formation on the horizon. A golden cross occurs when a short-term EMA crosses above a long-term EMA, signaling the possibility of a sustained uptrend.

If this pattern confirms, PI price could gain enough momentum to challenge the resistance at $0.96.

A breakout above that level may open the door for further gains toward $1.30, and with strong follow-through, the price could even reach $1.67—levels not seen in recent trading activity.

However, the bullish scenario is not guaranteed. If the current uptrend loses steam and buying pressure weakens, Pi Network could retrace to test support at $0.66.

A breakdown below that level would likely shift sentiment more bearish, exposing the token to further downside toward $0.57.

While technical signals lean optimistic for now, traders will be closely watching whether the golden cross materializes and if resistance levels can be cleared convincingly.

The post Pi Network (PI) Jumps 11% on Supply Shock, but Faces Key Test Ahead appeared first on BeInCrypto.

Ray Dalio, the billionaire founder of Bridgewater, has issued a stark warning that the global monetary order is “on the brink” of collapse.

He pointed to the current administration’s tariff policies as a significant catalyst, arguing that they have fueled deglobalization trends and caused severe trade imbalances.

Ray Dalio’s Warnings: The Coming Challenges to US Economic Superiority 

Earlier this month, President Donald Trump introduced reciprocal tariffs on all imports, setting a minimum of 10% for all nations. Although a 90-day pause followed, the situation worsened for China as Trump increased tariffs on Chinese goods.

The US tariff on most Chinese imports has risen to 145%. In retaliation, Beijing has imposed a 125% tariff on American goods. While reports have circulated that de-escalation could be expected soon, nothing has been confirmed yet.

In his latest essay, Dalio delves deeper into this dynamic, arguing that even if negotiations result in de-escalation, it may not fully undo the damage already inflicted.

“Some people believe that the tariff disruptions will settle down as more negotiations happen and greater thought is given to how to structure them to work in a sensible way.  However, I am now hearing from a large and growing number of people who are having to deal with these issues that it is already too late,” he wrote.

Dalio highlighted that exporters and importers worldwide are now forced to reduce their dealings with the US drastically. He noted that both American and Chinese producers and investors are actively seeking alternative plans to minimize interdependence. 

He believes this trend is becoming broadly recognized across trade, capital markets, geopolitical, and military relations. Dalio argued that the world is nearing a breakdown of monetary, domestic, political, and international order due to unsustainable fundamentals. This situation mirrors past historical shifts in global orders. 

“Though not yet fully realized, it is also increasingly being realized that the United States’ role as the world’s biggest consumer of manufactured goods and greatest producer of debt assets to finance its over-consumption is unsustainable, so assuming that one can sell and lend to the US and get paid back with hard (i.e. not devalued) dollars on their US debt holdings is naive thinking, so other plans have to be made,” Dalio remarked.

The billionaire investor expressed concern that the US risks being bypassed as other countries adapt to these separations, establishing new trade networks and economic “synapses” that exclude the US. This shift could further erode trust in the US dollar, which is already losing ground amid global economic uncertainty. 

While he did not specify which currencies might gain prominence, Dalio has previously advocated for “hard money” assets like Bitcoin (BTC) and gold as hedges.

“I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin,” Dalio said during the Abu Dhabi Finance Week (ADFW) in December 2024.

Global Monetary System at Risk: Is Bitcoin the Solution?

The warning has resonated within the cryptocurrency community. Jeff Park, Head of Alpha Strategies at Bitwise, stated that Dalio’s recent comments signal a looming “dedollarization” threat.

Park emphasized that Dalio’s shift from supporting China to acknowledging US economic imbalances suggests the global move away from the US dollar is approaching faster than many anticipate, a concept long recognized by Bitcoin advocates.

“The dedollarization threat is nearer than you and I know,” Park wrote.

Similarly, another expert asserted that the conditions Dalio describes create an ideal environment for Bitcoin. Rex believes these developments could drive Bitcoin to surge significantly within the next 18 months, potentially exceeding market expectations.

This impact is already quite visible as BTC’s value has recovered amid a dropping dollar. Over the past week, it has appreciated by 7.5%. At the time of writing, BTC was trading at $94,985.

In fact, market watchers are increasingly bullish on BTC, predicting higher price targets for the largest cryptocurrency. Last week, ARK Invest raised its BTC price forecast from $1.5 million to $2.4 million by 2030. Meanwhile, experts’ forecasts for BTC range from $150,000 per coin to a more optimistic $1 million by the end of 2025.

The post Ray Dalio Sounds Alarm on Global Monetary Order Collapse: Will Bitcoin Benefit? appeared first on BeInCrypto.

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.