Pi Network Price Hits Five-Day Losing Streak Amid Broader Crypto Correction

Pi Network (PI) price slid for its fifth consecutive day on Wednesday, dipping toward the $0.1000 mark amid a broader crypto market correction.

The token dropped by nearly 7% in the last 24 hours due to weakening retail participation and declining derivatives activity.

Retail sentiment has deteriorated, with Pi Network's Open Interest dropping from $10.88 million on Tuesday to $9.75 million on Wednesday, according to CoinAnk figures.

This decline indicates that traders are closing positions rather than opening new ones, suggesting reduced confidence in the token's short-term direction.