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$PI 🔹 Hype vs. Reality – Massive user base but no open trading yet 🔹 Future Performance? – Success depends on real utility & exchange listings 🔹 Risk Factor – Without clear tokenomics sustainability is uncertain Will Pi explode in value or fade away? What’s your take?$PI

Blockchain investigator ZachXBT has joined research-driven cryptocurrency investment firm Paradigm as an advisor. ZachXBT, who describes himself as a scam survivor turned 2D investigator, confirmed the development in a post on X on Feb. 26. According to the well-known blockchain analyst, his role at Paradigm will be that of incident response advisor, working with the cryptocurrency venture capital firm’s portfolio companies. While joining the firm, the pseudonymous on-chain investigator emphasized that he will continue focusing on his primary work, investigating and solving blockchain-related crimes. He described his decision to join Paradigm as an easy one. “It was an easy decision as this gives me the freedom to continue helping the community and publishing investigations like. I’ve always respected how Paradigm has given back to the space by funding initiatives such as Security Alliance, publishing open source research, and helping defend the right to privacy.” Commenting on the collaboration, Paradigm co-founder Matt Huang also confirmed ZachXBT’s work in the space will not change. Huang said : “ZachXBT is a legend, using onchain forensics to keep bad actors accountable. He has returned over $350M to victims of hacks and scams. This is increasingly important as the industry grows. We’re excited for ZachXBT to be joining Paradigm as an advisor. Nothing about his focus will change; we just want to support his ability to keep up the good work.” ZachXBT has exposed numerous cryptocurrency-related crimes, with his in-depth investigations aiding law enforcement in apprehending bad actors. In his latest effort, the investigator helped identify the Lazarus Group as the hackers behind the $1.5 billion heist on Bybit. This saw him win a $50k bounty offered by Arkham. Bybit also acknowledged ZachXBT’s input in the rollout of the exchange’s platform dedicated to taking the fight to the Lazarus hackers.

A new analysis from CryptoQuant shows a major Bitcoin long liquidation event erased about $245.3 million when Bitcoin hit $89,700. This event also caused a big drop in open interest. The rapid sell-off led to increased volatility, forcing traders to reassess market conditions as Bitcoin formed a potential new support level. The event shows the dangers of too much leverage in the crypto market.. Long squeezes often lead to cascading liquidations, where forced sell-offs push prices lower, accelerating downward momentum. A long squeeze occurs when long-position holders are forced to sell as prices decline, CryptoQuant’s Amr Taha explained . This starts automatic liquidations, speeding up a fast sell-off. Bitcoin’s fall below $89K resulted in lots of liquidations, removing liquidity from the market. As liquidation engines closed positions, large buy orders from whales and market makers absorbed the selling pressure. According to Taha, this high-volume liquidation usually levels out prices, as institutional investors use the chance to buy assets at lower prices. Also, he added market makers often use these liquidation zones to place limit orders at good prices. Related: Bitcoin Bull Run Cycle? Chart Points to Next Phase for BTC with Price Analysis In the past 24 hours, $226.72 million was liquidated from crypto traders, with $177.52 million coming from long positions. The largest liquidation event happened in a single hour, reaching $657.28K, with short traders making up $630.62K of that amount. This underlines the market’s ongoing volatility. Despite the liquidation, Bitcoin’s open interest (OI) increased slightly by 0.69%, reaching $57.09 billion. This uptick from over $60 billion prior to the liquidation event suggests that traders are still maintaining leveraged positions. Options open interest also saw growth, rising 3.33% to $32.50 billion, indicating continued interest in BTC options contracts. However, Bitcoin’s derivatives trading volume dropped by 18.57% to $125.73 billion, while options volume fell by 7.12% to $4.14 billion. The BTC OI-weighted funding rate remains slightly positive, reflecting a neutral-to-bullish sentiment. Funding rates across major exchanges such as Binance, Bybit, and OKX are currently between 0.0010% and 0.0100%, suggesting that traders still have an optimistic outlook on Bitcoin’s recovery. Moreover, the long/short ratios remain elevated, with Binance at 2.5423 and OKX at 2.91. This indicates that traders continue to bet on upward price movement despite the recent long liquidations. Related: Bitcoin Price Prediction: $90K Break – Dip or Rebound Next? In conclusion, while the rise in open interest indicates traders are keeping leverage, the decline in trading volume signals a possible reduction in speculative activity. If traders keep using too much leverage, the risk of more liquidation waves is still high. As of the latest data, Bitcoin is trading at $88,763, marking a 0.3% decline over the past 24 hours and bringing its weekly loss to 7.1%. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The recent surge in PI's price has pushed it into extreme overbought territory, as indicated by key technical indicators. While bullish momentum remains strong, signs of a possible short-term pullback are emerging. Technical Indicators Overview The Relative Strength Index (RSI) currently sits at 90.88, signaling overbought conditions. Such a high RSI suggests that $PI may soon face a cooldown or consolidation phase before any further upward movement. Meanwhile, the MACD (Moving Average Convergence Divergence) remains bullish, with the MACD line (blue) positioned above the signal line and histogram bars increasing in size. This reinforces strong momentum, though traders should watch for any weakening signals. Another crucial factor is PI's breakout above the upper Bollinger Band (BB) resistance at $2.41). This sharp move reflects heightened volatility, often followed by a short-term correction before the next price expansion phase. Key Resistance and Support Levels If the price corrects, $1.85 and $1.29 will serve as key support levels where buyers might step in to absorb selling pressure. Conversely, should bullish momentum persist, overcoming the current zone could open the path for further gains. Conclusion $PI remains in a strong uptrend, but traders should remain cautious given its overheated RSI levels and proximity to major resistance. A healthy consolidation or pullback could provide better entry points before the next leg higher. $PI - Price Chart

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