Potential risks for PI following 14% price rise linked to Bitcoin correlation

Investor sentiment has turned strongly bullish, with 90.81% of 4.4 million voters on CoinMarketCap expecting further gains for PI. Daily trading volume surged by 147% to 32.63 million USD, indicating strong buying pressure.

Despite positive momentum, the correlation coefficient with Bitcoin has risen, leading to potential price divergence. Past data suggests that similar correlations have preceded notable price drops for PI.

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