$PI Pl mainnet upgrade to Protocol 21 has begun, entering the second phase of the transition process, strengthening the platform to promote ecosystem liquidity expansion, but macro inflation pressures and global stock market volatility highlight the risks.

In the market sector, 42% are optimistic, 25% are pessimistic, and the rest are neutral.
The optimistic view suggests:
- The Protocol 21 upgrade of Pl mainnet is imminent, with network nodes responding positively, indicating a stable ecosystem technology development direction.
- The second phase of the Pioneers transition has started, continuously boosting core liquidity, laying the foundation for the DeFi application ecosystem.
- Bitcoin is supported at 66K, and PI is recovering simultaneously, showing a positive correlation trend with major assets.
The pessimistic view suggests:
- The risk of macro inflation re-emerging, with oil prices in Hàn Quốc, Anh, and châu Âu exceeding USD 100 per barrel, pushing CPI forecast to 3.3%, and risk assets facing pressure.
- South Korea's KOSPI index has fallen more than 3%, and the decline in global risk appetite may limit the rally of the cryptocurrency market.
- Inflation data from the UK and châu Âu are highly volatile, and the policy outlook of central banks worldwide has become uncertain.