As Bitcoin holds steady above $100,000 amid unprecedented institutional adoption, Pi Network is facing its toughest challenge yet, with its token plunging over 40% in a week.

Bitcoin Holds Steady Above $100K

Bitcoin has been holding steady above $100,000 for more than a week. Experts believe that this isn’t just another speculative rally — what’s unfolding is a broad institutional shift that’s reshaping Bitcoin’s role in global finance. 

Heavyweight players like BlackRock and Fidelity are leading the charge, with BlackRock’s iShares Bitcoin Trust now the largest spot Bitcoin ETF. These funds are absorbing massive amounts of BTC — at times nearly four times the number of newly mined coins — putting consistent upward pressure on the price.

Corporations are also accelerating their accumulation. MicroStrategy alone has spent $10 billion on Bitcoin in just five months, boosting its total holdings to over 568,000 BTC. In 2025, companies have collectively acquired 196,000 coins (around 76% of new supply), indicating strong confidence from the corporate sector. Metaplanet and JPMorgan are also expanding their exposure, and Goldman Sachs has invested $1.65 billion into Bitcoin ETFs. These moves represent a growing consensus: Bitcoin isn’t just a hedge, it’s an asset worth integrating at scale.

Global Policy Shifts Signal the Next Phase

Policy is catching up to the market. The U.S. has formally established a Strategic Bitcoin Reserve, a clear sign that digital assets are becoming part of national economic strategy. States like Missouri are moving to exempt Bitcoin gains from capital gains taxes, while Ukraine is working with Binance to build a national Bitcoin reserve of its own. In South Korea, both major presidential candidates have endorsed Bitcoin ETFs, suggesting future regulatory alignment in Asia’s tech hubs.

The result of all this is an increasingly resilient market. Even with some short-term dips, Bitcoin has maintained a tight range just above $100,000. Price movements have been modest by historical standards, with trading volumes fluctuating but staying healthy. This stability, paired with consistent institutional buying, is what’s turning a once-volatile asset into a strategic holding.

As ETF demand continues to outstrip supply, analysts are pointing to possible price peaks of $116,000 or even $120,000. With Coinbase joining the S&P 500, Tether entering Nasdaq via a SPAC, and Bitcoin surpassing Amazon in market cap, it’s clear the asset is now playing in the big leagues. Bitcoin isn’t just holding its ground above six figures — it’s building a foundation for whatever comes next.

Pi Network on the Decline: Is It a Temporary Setback or a Complete Downfall? 

On the opposite end of the spectrum, Pi Network is currently facing its most serious test yet. After years of hype around mobile mining and building a people-powered crypto, the project’s native token, PI, has plunged more than 40% in just a week — a sharp drop following the underwhelming Consensus 2025 event. Instead of boosting confidence, the event reignited doubts about Pi’s progress, with the token now hovering just above a key $0.70 support level.

A major source of frustration is the continued delay in launching an open mainnet. While millions of users still “mine” PI on their phones, the token remains largely non-tradable and illiquid. This lack of access, paired with a closed governance model, is wearing thin on early adopters. Centralization concerns persist, with critics pointing to Pi’s opaque leadership structure and tight control over the network.

To counter growing skepticism, Pi Network recently announced a $100 million VC fund aimed at backing startups that can bring real-world utility to the platform. It’s a significant step, intended to shift the narrative from stalled promises to practical use. But without clear timelines or decentralization progress, many see it as too little, too late.

Whether this is a temporary stumble or the start of a long slide depends on how fast the project can deliver. For now, Pi Network’s future hangs in the balance—caught between ambition and execution.

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