#PI PI ( PI is losing momentum, stagnating in consolidation due to investor apathy and unfavorable technical signals. The lack of meaningful volume indicates that once volatility returns, prices will face further falling risks. I. Weak key on-chain indicators analysis indicates low participation and strong bearish momentum: Low trading volume: Data from the top 100 trades in the past 24 hours show that only slightly over 9 million PI have flowed on the network, estimated to be worth less than $2.45 million. Implication: This minimal trading volume highlights the low interest of major holders and limited active participation, unable to support momentum. Intensifying bear market pressure: The squeezing Momentum Index indicates that a squeeze is forming, marked by extended red bars. Implication: This pattern reflects the increased bear market pressure, suggesting that market sentiment may further deteriorate before finding relief. The subsequent squeeze release is expected to trigger greater volatility, considering the current downward bias.