Bitcoin Slide Ends Weekend Altcoin Push, While PI Maintains Strong Resistance Zone

TL;DR:

• Bitcoin fell below $80,000 after another failed breakout, cooling a weekend altcoin rally and coinciding with declining futures open interest and softer funding rates.
• Pi Network’s PI remained above $0.09 and tested resistance near $0.095, showing relative stability while several larger crypto assets struggled or reversed.
• Bittensor, LINK, ICP and WLD retained gains, but market momentum weakened as Bitcoin resistance, bearish derivatives positioning and selective altcoin performance defined Monday’s trading.

Bitcoin slipped below $80,000 on Monday, abruptly cooling a weekend altcoin advance that had pushed smaller tokens into double-digit gains. The pullback exposed how fragile the rally remained while Bitcoin struggled to reclaim higher ground, with BTC trading near $79,300 after spending the weekend trapped below $81,400. Bittensor, Kaspa, Internet Computer and Celestia had each risen more than 12% over 24 hours, but much of that strength arrived before midnight UTC. Since then, momentum faded, with TAO barely higher, NEAR slipping, and broader derivatives positioning beginning to lean bearish as capital exited major futures markets.

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