← CoinGraph · Brief #1554 · Proof

Pi Network · PI

PI +2.9% to $0.0792 in 2h, moving with BTC/ETH rally on normal volume

bullishseverity 1/3confidence 60%donescore 6.0opened 2026-10-15 15:01 UTCclaude-opus-5-5

PI rose 2.88% from $0.0778 to $0.0792 over the window, bottoming at $0.0775 at 14:00 UTC before climbing steadily. In the same window BTC rose 2.49% and ETH 4.39%, so this looks like a market-wide move rather than anything specific to PI. Volume on OKX was normal (1.0× a typical hour), funding was neutral, and liquidations were tiny, so there was no sign of leverage or heavy flow driving it.

What happened

Likely causes

  1. 1.PI was carried up by a broad crypto rally: BTC rose 2.49% and ETH 4.39% in the same window, and PI's +2.88% falls between the two. (60%) E6E1
  2. 2.Leverage did not drive the move. Funding was a neutral 0.005% per 8h, and only $581 of shorts and no longs were liquidated. (70%) E3E4
  3. 3.The evidence shows no PI-specific catalyst such as news, unusual volume or onchain flows. (50%) E2E8

Onchain

Market context

What to watch

Caveats

Evidence (9 items)

  1. E1pricecoingecko:/coins/markets

    PI $0.1 now; +2.88% over the window (high $0.1, low $0.1); 1h +1.15%, 24h +0.75%, 7d +0.92%; rank #82, market cap $900M, 24h volume $6.2M

    data
    {
     "ath": 2.99,
     "low": 0.077461,
     "high": 0.07916,
     "rank": 82,
     "as_of": "2026-10-15T17:21:00.000Z",
     "price": 0.080051,
     "path_15m": [
      {
       "t": "2026-10-15T13:00:00.000Z",
       "price": 0.077807
      },
      {
       "t": "2026-10-15T13:15:00.000Z",
       "price": 0.077912
      },
      {
       "t": "2026-10-15T13:30:00.000Z",
       "price": 0.077803
      },
      {
       "t": "2026-10-15T13:45:00.000Z",
       "price": 0.078009
      },
      {
       "t": "2026-10-15T14:00:00.000Z",
       "price": 0.077461
      },
      {
       "t": "2026-10-15T14:15:00.000Z",
       "price": 0.078331
      },
      {
       "t": "2026-10-15T14:30:00.000Z",
       "price": 0.078248
      },
      {
       "t": "2026-10-15T14:45:00.000Z",
       "price": 0.078771
      },
      {
       "t": "2026-10-15T15:00:00.000Z",
       "price": 0.07916
      }
     ],
     "market_cap": 900022108,
     "volume_24h": 6224421,
     "change_1h_pct": 1.14729034785136,
     "change_7d_pct": 0.92285581008333,
     "change_24h_pct": 0.75335,
     "window_return_pct": 2.88
    }
  2. E2spot_volumeokx:klines:1m

    okx PI/USDT: $67.7K traded in the last hour vs a typical hour of $65K (1.0×); busiest minutes: 14:49 $16.4K (+0.114%), 14:39 $11.7K (+0.255%), 14:26 $11.7K (-0.179%), 13:55 $11.2K (+0.258%), 13:53 $8.8K (-0.398%)

    data
    {
     "ratio": 1.0400482844850951,
     "venue": "okx",
     "symbol": "PI/USDT",
     "volume_1h_usd": 67652.8277968,
     "busiest_minutes": [
      {
       "v": "16413.44131144",
       "ts": "2026-10-15T14:49:00.000Z",
       "ret": "0.114",
       "close": "0.0789"
      },
      {
       "v": "11739.45079078",
       "ts": "2026-10-15T14:39:00.000Z",
       "ret": "0.255",
       "close": "0.07868"
      },
      {
       "v": "11650.96311485",
       "ts": "2026-10-15T14:26:00.000Z",
       "ret": "-0.179",
       "close": "0.07825"
      },
      {
       "v": "11196.74703777",
       "ts": "2026-10-15T13:55:00.000Z",
       "ret": "0.258",
       "close": "0.07761"
      },
      {
       "v": "8833.2016397",
       "ts": "2026-10-15T13:53:00.000Z",
       "ret": "-0.398",
       "close": "0.07752"
      }
     ],
     "volume_window_usd": 237969.56323856,
     "median_hourly_24h_usd": 65047.77596003
    }
  3. E3fundingccxt:fetchFundingRates

    Funding per 8h: okx 0.0050% (positive = longs pay; ~0.01% is normal)

    data
    {
     "rates": [
      {
       "venue": "okx",
       "symbol": "PI/USDT:USDT",
       "funding_rate_pct": 0.005
      }
     ]
    }
  4. E4liquidationsokx+binance:liquidations

    2 forced liquidations worth $581 in the window: $0 longs, $581 shorts; largest $544.9

    data
    {
     "count": 2,
     "longs_usd": 0,
     "total_usd": 580.97645,
     "shorts_usd": 580.97645,
     "largest_usd": 544.942
    }
  5. E5network_feesnownodes:eth:eth_feeHistory

    ETH base fee 0.27 gwei (24h average 0.23), blocks 49% full

    data
    {
     "as_of": "2026-10-15T17:17:00.000Z",
     "chain": "eth",
     "base_fee_gwei": 0.2727587200533334,
     "gas_used_ratio": 0.48876946746509126,
     "avg_base_fee_24h_gwei": 0.2325315475363889,
     "priority_fee_p50_gwei": 0.14922058852
    }
  6. E6market_contextcoingecko:/coins/markets+/global

    Market: BTC +2.49% and ETH +4.39% over the same window; total crypto market cap -2.72% in 24h; categories: Smart Contract Platform, Layer 1 (L1), Made in USA, Mobile Mining

    data
    {
     "trending": false,
     "categories": [
      "Smart Contract Platform",
      "Layer 1 (L1)",
      "Made in USA",
      "Mobile Mining"
     ],
     "btc_change_24h_pct": 0.74213,
     "btc_window_return_pct": 2.49,
     "eth_window_return_pct": 4.39,
     "global_market_cap_change_24h_pct": -2.7248650767983364
    }
  7. E7market_moodalternative.me:/fng

    Crypto Fear & Greed index 53 (Neutral) today, 64 a week ago

    data
    {
     "day": "2026-10-15T00:00:00.000Z",
     "value": 53,
     "week_ago": 64,
     "classification": "Neutral"
    }
  8. E8dev_and_communitycoingecko:/coins/{id}

    developer activity: not tracked by CoinGecko for this coin; CoinGecko sentiment 74% positive (as of 2026-10-15)

    data
    {
     "as_of": "2026-10-15T00:00:50.583Z",
     "forks": null,
     "stars": null,
     "commits_4w": null,
     "prs_merged": null,
     "sentiment_up_pct": 74.14,
     "twitter_followers": null,
     "reddit_subscribers": null
    }
  9. E9signalscoingraph:signals

    Triggered by: price_move (up, medium) at 14:57; price_move (up, medium) at 15:01

    data
    {
     "signals": [
      {
       "id": "99728",
       "kind": "price_move",
       "ratio": 3.53,
       "value": 2.135,
       "details": {
        "z_1h": 3.53,
        "price": 0.07899,
        "ret_1h_pct": 2.135,
        "ret_15m_pct": 0.455
       },
       "baseline": 0.6,
       "event_ts": "2026-10-15T14:57:00.000Z",
       "severity": 2,
       "direction": "up"
      },
      {
       "id": "100102",
       "kind": "price_move",
       "ratio": 3.82,
       "value": 2.356,
       "details": {
        "z_1h": 3.82,
        "price": 0.07916,
        "ret_1h_pct": 2.356,
        "ret_15m_pct": 0.431
       },
       "baseline": 0.611,
       "event_ts": "2026-10-15T15:01:00.000Z",
       "severity": 2,
       "direction": "up"
      }
     ]
    }