PENGU Price Slides 11% Amid Liquidity Flight, But Key Metrics Suggest a Bullish Rebound is Imminent
PENGU (Pudgy Penguins) recently experienced the largest price decline among the top 100 cryptocurrencies, dropping 11% in the past day, suggesting a bearish trend and high risk of further losses. Liquidity Flight and Bearish Pressure Derivatives Outflow: PENGU saw a significant flight of capital from its derivatives market. The Open Interest (capital in the market) … Read more