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Kraken has launched perpetual futures contracts for Pi Network’s native token, PI, allowing traders to take long or short positions with up to 20x leverage. 

The move gives traders a new way to speculate on PI’s price without holding the asset itself. It also marks PI’s debut on a major derivatives platform, despite the token still lacking listings on top spot exchanges like Binance or Coinbase.

How PI Perpetual Futures on Kraken Will Work

Perpetual futures are derivative contracts with no expiration date. Traders can open positions that track the price of PI and settle profits or losses based on price movements over time. 

On Kraken Pro, users can access these contracts with over 40 collateral options and across more than 360 markets.

This flexibility allows both hedging and speculative strategies. Traders bullish on Pi Network can go long, while skeptics can short the token—betting that its price will fall. 

With 20x leverage, small price swings can lead to outsized gains or losses.

Meanwhile, after a brief rally to $1.57 earlier this month, PI has dropped 10% this week. Despite the ongoing bullish cycle in the market, the altcoin has shown extreme volatility and underperformed expectations. 

Will Futures Trading Impact PI Network Price?

The listing introduces more liquidity into the PI market. Greater trading activity could reduce volatility in the long term. However, in the short term, leverage may amplify price swings.

Market sentiment around PI is already fragile. Concerns over centralization—60% of the token supply remains under core team control.

Also, as BeInCrypto reported previously, a high concentration of nodes in Vietnam has triggered doubts about the project’s stability. Vietnam’s tightening crypto laws add further pressure.

With futures now in play, bearish traders may open leveraged shorts, potentially accelerating PI’s downward momentum. 

Meanwhile, increased volatility could trigger liquidations on both sides, causing sudden price spikes or crashes.

While the futures listing opens new opportunities, it also raises the stakes. Traders should monitor funding rates and open interest to gauge the strength of directional bets.

Overall, Kraken’s move brings new visibility to Pi Network. But for now, there is a lot of skepticism regarding the altcoin’s direction in the spot market. 

The post Pi Network Makes Derivatives Debut as Kraken Lists PI Perpetual Futures appeared first on BeInCrypto.

Pi Network’s PI token seems to have entered a consolidation phase, as the price action has leveled off. Since April 16, the token has faced resistance at $0.66 while finding support at $0.60, creating a narrow trading range. 

This signals a period of indecision in the market, with neither PI buyers nor sellers taking full control.

PI’s Price Action in Limbo

Readings from PI’s Aroon indicator confirm the recent stagnation in its price. As of this writing, the token’s Aroon Up Line (yellow) is at 0%, while its Aroon Down Line (blue) is in decline at 14.29%. 

The Aroon indicator identifies market trends and determines whether a trend is strong or weak.

A 0% reading on the Aroon Up Line suggests that PI has not reached a new high recently, signaling a lack of upward momentum. Meanwhile, the Aroon Down Line’s decline to 14.29% indicates that the token has not been experiencing significant downward pressure either. 

This trend suggests a balanced market, where neither bulls nor bears are taking the lead. The setup confirms that PI is in a consolidation phase, with a breakout in either direction dependent on shifts in market sentiment.

Further, the steady decline in PI’s Average True Range (ATR) since early March confirms the decrease in its market volatility and the shift towards consolidation. At press time, this indicator stands at 0.07.

The ATR  indicator measures market volatility by calculating the average range between the high and low prices over a set period. When it falls like this, it indicates a decrease in market volatility, suggesting that price movements are becoming less erratic. 

This often signals a period of consolidation or indecision in the market, as traders await a potential breakout or shift in direction. For PI, this is evident as both buyers and sellers hesitate, waiting for a catalyst to drive their next moves.

Will Bullish Momentum Drive PI to $1 or Will Bears Retake Control?

A breakout—whether to the upside or downside—could signal the start of a new trend, making PI a token to watch in the coming days. If bullish pressure soars and demand for the altcoin spikes, its price could witness a rally and attempt to break above the resistance at $0.66.

A successful breach of this level could propel PI’s price to $1.

Conversely, if the bears regain full control and selloffs resume, PI could break below the support at $0.60 and fall to $0.50.

The post Pi Network (PI) Faces Market Standoff, Prepares for Breakout appeared first on BeInCrypto.

The global M2 money supply has surged to an all-time high of $108.4 trillion, raising fresh questions about Bitcoin’s next move. 

The milestone comes amid escalating economic uncertainty following former President Donald Trump’s new “Liberation Day” tariffs and China’s swift retaliatory measures, which together have roiled global markets.

What is M2 and Why Does It Matter for Bitcoin?

Despite the extreme volatility over the past two weeks, Bitcoin’s average value has remained almost unchanged. 

Analysts claim that Bitcoin’s latest volatility reflects macroeconomic fears and fluctuating long/short ratios – but the largest cryptocurrency is nowhere near a bear market. 

This is largely due to the historical correlation between rising M2 levels and significant Bitcoin rallies.

M2 is a broad measure of a country or region’s money supply. It includes physical cash, checking and savings deposits, and other liquid assets that can be quickly converted to cash. 

When M2 increases, it typically signals greater liquidity in the financial system. It simply means more money that often seeks returns in riskier assets such as equities, real estate, or cryptocurrencies like Bitcoin.

Past surges in the M2 money supply have preceded major Bitcoin rallies. Following the COVID-era stimulus programs in 2020-2021, the US M2 supply jumped by over 25%. 

This correlated with Bitcoin’s rise from under $10,000 in mid-2020 to an all-time high of over $69,000 by November 2021. Analysts point to a similar pattern today, albeit with a lag.

“Market proponents say that Trump’s tariffs are primarily a negotiation strategy, and their effect on businesses and consumers will remain manageable. Adding to the uncertainty are the inflationary pressures that could challenge the US Federal Reserve’s rate-cutting outlook. Also, resolving the debt ceiling remains a pressing issue, as the Treasury currently relies upon ‘extraordinary measures’ to meet US financial obligations. The exact timeline for when these measures will be exhausted is unclear, but analysts anticipate they may run out after the first quarter,” said Maksym Sakharov, Co-Founder of WeFi Deobank.

Also, Bitcoin’s price often trails global M2 growth by roughly two months. 

With M2 accelerating since late February and the current spike taking it to its highest level ever, market watchers suggest that Bitcoin could see a delayed but strong upside if liquidity continues to expand.

However, macroeconomic headwinds could temper near-term gains. Trump’s tariff shock and China’s tit-for-tat response have already triggered the steepest Wall Street losses in five years. 

Investors may delay allocating capital to high-volatility assets until trade tensions stabilize.

Still, with M2 surging and Bitcoin supply capped, the setup for a renewed bullish move remains in place. That is if historical patterns hold and markets regain confidence.

The post Bitcoin Price Correlation with M2 Money Supply Signals a Bullish Q2  appeared first on BeInCrypto.