Cryptocurrencies Price Prediction: PI, Hyperliquid & Ethereum – European Wrap 4 June
Pi Network Price Forecast: PI hits record low as market-wide risk-off sentiment weighs
Pi Network (PI) price hovers around $0.1300 at press time on Thursday, reflecting a mild rebound from the $0.1186 record low reached earlier on the day. Deposits totaling roughly 1 million PI tokens on exchanges over the last 24 hours suggest waning investor confidence amid a broader market risk-off sentiment. Pi Network risks forming a lower leg closer to the $0.1000 psychological level amid firm bearish momentum.
Pi Network's price hit a record low on Thursday, with Bitcoin (BTC) falling below $65,000, deteriorating the broader market sentiment. CoinMarketCap data shows the Crypto Fear and Greed Index down to 20 on Thursday, standing on the verge of flashing extreme fear in the market. The broader market sentiment largely dictates the PI token price trend, given its community-driven, speculative nature.
Hyperliquid Price Forecast: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts
Hyperliquid (HYPE) price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic. The massive inflows of roughly $135 million into the newly launched HYPE-focused ETFs last month reflect growing institutional interest, fueling the HYPE rally.
Momentum remains swift, with the long-term outlook suggesting potential to surpass the $100 mark, but risks are overstretched as HYPE enters price discovery mode.
Ethereum Price Forecast: Long-term holders' capitulation drives ETH below $1,800
Ethereum (ETH) has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders.
The Age Consumed metric, which tracks the movement of previously idle tokens or long-term holders' (LTHs) coins, spiked over the past two days as prices declined, indicating increased selling activity among this cohort. Historically, selling pressure accelerates when LTHs are distributing.
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