With the expansion of the United States Treasury debt buy-back operation, market risk has recovered, with bitcoin once rising to over $71,000, with most encrypted assets synchronizing. However, the overall performance of Pi Network, despite a three-day recovery and a return to prices around 0.09 dollars, is still significantly behind that of the big picture.
United States Treasury repurchases lead to risk assets Come back. Warm.
The United States Department of the Treasury announced an increase in the single ceiling for partial liquidity support buy-back operations from $2 billion to $4 billion. This is aimed primarily at the market for long-term national debt and is intended to improve liquidity and ease pressure on rising borrowing costs.
Investors ' interest in high-risk assets has recovered as a result of improved liquidity in debt markets and a reduction in long-term yield pressures. Bitcoin benefited significantly, with prices rising above $71,000, and some of the mainstreamcoins followed.
By contrast, PI has a weak rebound and has not shown a synchronous upload with the large disk.
PI futures hold a small upturn
The chain and derivative data platform CoinAnk showed that the outstanding PI futures contract had risen from $8.82 million to $9.3 million the previous day. Unsettled contracts usually reflect the size of derivatives in the market that are not flat.
However, this figure is still significantly below the high point of $12.14 million created on 15 July, which suggests that, despite improved market sentiment, traders ' investment in PI has remained cautious and the new funds have not been strong.
This also means that, in the absence of a more visible increase in participation, PI may continue to lag behind the pace of market restoration in this round.
It's still a critical resistance in the vicinity of $0.10.
In short run, PI picked up three consecutive days earlier this week, with a cumulative increase of about 4 per cent. The current price is on the line of US$ 0.0839, which corresponds to 78.6 per cent of the fall in the previous period.
If we can hold this position, there's still room for repair. But the 0.10-dollar integer level above, and the resistance around the 0.1022 dollar, remain short-line areas that need to be broken.
If on a dayline station between US$ 0.10 and US$ 0.1022, PI's repulsive energy may be further enhanced and more dispersed. On the other hand, if it is not possible to break it, the price rate will continue to fluctuate and will face new shocks.
In terms of kinetic energy indicators, the current trend is closer to careful repair rather than a clear reversal. The relative strength and weakness index is still hovering around 50, indicating that the multi-empty force is not closing the gap; while the MCD is slightly above the signal line, it is still limited.