The post Why Pi Network Could Hit New Lows in November appeared on BitcoinEthereumNews.com. Trading data for Pi Network (PI) signals a bearish outlook for its price in November. Although Pi has already dropped more than 90% from its peak, market forces may continue to push the price lower. What are the warning signs, and how do Pi’s loyal supporters explain them? Sponsored A Massive Amount of Pi Tokens Being Unlocked First, Piscan data shows that the number of Pi unlocked per day is up to 4.85 million PI, and the number of Pi unlocked in the next 30 days is up to 145 million Pi. Number of Pi Tokens Unlocked Per Day. Source: Piscan Piscan data also reveals that in December, more than 173 million Pi will be unlocked — the highest monthly unlock volume until September 2027. This steady and increasing unlock pressure is likely to persist through the end of the year, creating a significant obstacle to any price recovery on exchanges. Rising Exchange Balances Indicate Continuous Selling Pressure The amount of Pi held on exchanges continues to increase in November. Sponsored Pi Supply on Exchanges. Source: Piscan. According to Pi Network’s early-month report, there were about 423 million Pi on exchanges. By mid-November, that figure had climbed to nearly 426 million Pi, marking an all-time high. Pi Reserves on CEXs by Month. Source: Data Curated by BeInCrypto Such growth in exchange reserves indicates that exchanges now hold more Pi tokens, ready for trading or sale, which could put downward pressure on prices. Sponsored Weak Trading Volume Reflects Low Market Activity Spot trading volume for Pi on centralized exchanges has shown little improvement in November. The 24-hour trading volume currently hovers around $30 million. CoinMarketCap data indicates that Pi’s monthly trading volume fell to just $1.2 billion last month. Both price and trading volume have declined in parallel. Pi Monthly Price… The post Why Pi Network Could Hit New Lows in November appeared on BitcoinEthereumNews.com. Trading data for Pi Network (PI) signals a bearish outlook for its price in November. Although Pi has already dropped more than 90% from its peak, market forces may continue to push the price lower. What are the warning signs, and how do Pi’s loyal supporters explain them? Sponsored A Massive Amount of Pi Tokens Being Unlocked First, Piscan data shows that the number of Pi unlocked per day is up to 4.85 million PI, and the number of Pi unlocked in the next 30 days is up to 145 million Pi. Number of Pi Tokens Unlocked Per Day. Source: Piscan Piscan data also reveals that in December, more than 173 million Pi will be unlocked — the highest monthly unlock volume until September 2027. This steady and increasing unlock pressure is likely to persist through the end of the year, creating a significant obstacle to any price recovery on exchanges. Rising Exchange Balances Indicate Continuous Selling Pressure The amount of Pi held on exchanges continues to increase in November. Sponsored Pi Supply on Exchanges. Source: Piscan. According to Pi Network’s early-month report, there were about 423 million Pi on exchanges. By mid-November, that figure had climbed to nearly 426 million Pi, marking an all-time high. Pi Reserves on CEXs by Month. Source: Data Curated by BeInCrypto Such growth in exchange reserves indicates that exchanges now hold more Pi tokens, ready for trading or sale, which could put downward pressure on prices. Sponsored Weak Trading Volume Reflects Low Market Activity Spot trading volume for Pi on centralized exchanges has shown little improvement in November. The 24-hour trading volume currently hovers around $30 million. CoinMarketCap data indicates that Pi’s monthly trading volume fell to just $1.2 billion last month. Both price and trading volume have declined in parallel. Pi Monthly Price…