Cryptocurrencies Price Prediction: Bitcoin, BNB & Pi Network – European Wrap 30 June

Bitcoin Price Forecast: BTC struggles near $59,500 amid persistent ETF outflows, US-Iran Doha talks in doubt

Bitcoin (BTC) struggles around $59,500 at the time of writing on Tuesday after suffering a steep correction over the past two weeks. Institutional selling continues with spot Exchange Traded Funds (ETFs) recording an outflow of $231.10 million on Monday, extending their recent streak of withdrawals. Meanwhile, traders remain cautious as the US and Iran send mixed signals about whether their delegations will hold direct peace talks in Doha, Qatar. The outcome of this could influence global risk sentiment and shape Crypto King’s near-term price direction.

Institutional demand began the week on a negative note. SoSoValue data show that spot BTC ETFs recorded an outflow of $231.10 million on Monday, following a $1.70 billion outflow the previous week, the highest weekly outflow since the end of February.  If this outflow trend continues this week, BTC could see further correction.

BNB Price Forecast: Bearish channel breakdown, muted ETF flows point to deeper losses

BNB (BNB), formerly known as Binance Coin, remains under pressure, trading below $555 on Tuesday after closing below the lower boundary of its parallel channel last week, confirming a bearish technical breakdown. Muted institutional and weakening derivatives activity continue to weigh on sentiment. Meanwhile, the technical outlook suggests sellers could drive BNB toward the next key support at $488 if downside momentum persists.

SoSoValue data shows that BNB’s spot Exchange-Traded Funds (ETFs) have remained largely silent since their launch on May 28, indicating a lack of meaningful institutional demand for the token. This muted demand fails to provide a cushion against falling BNB prices.

Pi Network Price Forecast: PI hits record low as risk appetite weakens

Pi Network (PI) remains under intense selling pressure on Tuesday, extending losses after hitting a record low of $0.1120 the previous day. The Pi2Day celebrations on Sunday failed to lift retail demand as the Open Interest continues to decline, indicating reduced risk appetite. PI should hold above $0.1120 to avoid a steeper correction that could threaten the $0.1000 psychological level.

Investors are losing confidence in the PI token amid a broader market downturn. Heavy risk-off sentiment weighs on speculative altcoins like Pi Network, which often require a catalyst or community demand to fuel an upcycle.