PIPPIN price drops 11% as $2.02M derivatives outflows hit, Funding Rate stays positive

Over the past day, Pippin (PIPPIN) has fallen 11% in price as derivatives net flows turned negative by $2.02 million, according to CoinGlass. Despite weak momentum on indicators such as MACD and ADX, a slightly positive Funding Rate and net spot inflows suggest some traders are still positioning for a potential rebound.